Asked by: Nesil Caliskan (Labour - Barking)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has made an estimate of the number of additional jobs created by Heathrow expansion.
Answered by Darren Jones - Chief Secretary to the Treasury
Heathrow expansion could result in billions invested into the economy to create over 100,000 jobs, and support many more jobs by boosting UK economic growth.
Our pledge to use more sustainable aviation fuel, part of our Plan for Change, will also support thousands of jobs, bring down our transport emissions, and make the UK a clean energy superpower.
Asked by: Nesil Caliskan (Labour - Barking)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the equitability of film tax relief schemes.
Answered by James Murray - Exchequer Secretary (HM Treasury)
The government is committed to supporting the creative industries, and film and TV companies benefit from a number of generous and equitable tax reliefs, ranging from a rate of 34% for the standard Audio Visual Expenditure Credit to 53% for the Independent Film Tax Credit.
The credits are available to all companies that meet the eligibility criteria, which are outlined in the BFI’s Creative Sector Expenditure Credits and Tax Relief guidance. The criteria ensure that the credits meet their objectives of incentivising investment in culturally British film and TV productions and support the domestic industry. As with all taxes, the government keeps the film and TV reliefs under review.
The government also provides significant funding for the film and TV sector and has included the creative industries in its Industrial Strategy. A £60 million package of support for the creative industries announced in January included including £7 million for the Global Screen Fund and funding to 6 Mayoral Authorities to help develop creative clusters. The British Film Institute (BFI) administers the Global Screen Fund on behalf of government and follows the BFI Diversity Standards for all BFI funding.