Chancellor GordonBrown has said he will provide new tax relief for film-makers.
Delivering his budget today, Brown said that he wouldreplace existing reliefs with new tax reliefs for low and high budget films.
Further details will follow on ScreenDaily.com assoon as they are unveiled by the UK Treasury.
Brown had been pushed lobbied hard to address the future ofthe Section 48 concessions in this afternoon's Budget.
Changes to the tax regime and doubts about the future havealready hit the local industry hard.
With other factors, like the weakness of the dollar,increasing the pressure on finance, the number of British films produced in theUK fell 40% in 2004.
For details of the Chancellor's tax announcements, seeScreendaily.com later today.