Oral Answers to Questions

Stephen Metcalfe Excerpts

Thursday 11th January 2024 Commons Chamber

[Julia Lopez]

I thank the hon. Lady for drawing on her expertise in this regard, and for the work that the Select Committee is doing. I am going to provide that dreadful answer: ahead of the Budget, we will be discussing all these matters with the Treasury.

[Stephen Metcalfe (South Basildon and East Thurrock) (Con)]

2. Whether her Department has made an assessment of the potential impact of tax relief on the growth of the creative industries.

[The Secretary of State for Culture, Media and Sport (Lucy Frazer)]

Let me begin by welcoming the Minister back to her place. Since 2012, the Conservative Government have introduced tax reliefs for the creative industries year on year. That is one of the reasons why the creative industries are growing at twice the rate of the rest of the economy, and why they are world leading. The Labour party opposed every single one of those tax reliefs, and despite its warm words it offers no substantive action.

[Stephen Metcalfe]

As my right hon. and learned Friend says, since we came to office we have introduced a number of tax reliefs that have supported children's television, video games, production, galleries, orchestras, theatres and museums. It is for the Chancellor to decide on tax policy, but can my right hon. and learned Friend tell us what more she can do to make this go further, to ensure that we remain one of the world’s leading production venues?