The 2012 budget unveiling is all over the news and a glimpse of the House of Commons could be witnessed even in the Fiasco Studio yesterday lunchtime. Among the economic rhetoric and political rigmarole newspapers scrambled to answer the inevitable “but what does this mean for me?”
For us, Ed Miliband’s fiery response to the budget was eclipsed by Osbornes backhand comparison to our beloved neighbours Wallace and Gromit who, it has been known, were being forced to look abroad for cheaper ways of working. But even this didn’t distract us from the welcome news that Osborne is identifying one of Britain’s strengths as “creative media”, outlining tax breaks of 40million pounds to the creative industries by 2015 as well as supporting the British film and games industry.
It would be easy to miss that an investment in the arts and creative media was met with support by both major parties in the house of commons yesterday. Notably though only film, animation and television were hailed as worthy creative investments. Is that all the UK is good at when it comes to creativity – film and animation but what of the rest of the creative industry? The wealth of forward thinking information graphics from newspapers like the Guardian can speak for themselves here about the value of good design.
At the time the first major cuts were announced it was true that “every 1 pound invested by the Arts Council into arts organisations, 2 [were] generated for the UK economy”. Now that’s creative. A rousing plea, first shown on the 10 O’clock live show the same time last year, reveals some startling facts about the film industry in the UK. But more revealing is how wrong Osborne has been to make such drastic cuts to the film and creative industry and how long it has taken him to see sense.
Without specifics on the 2012 budget it is hard to guess how these new investments will affect the creative industry in the UK, but it sure is promising to think that a conservative government is finally coming round to the idea of investing in the arts. Better late than never we say. And here at Fiasco we’ll be keeping a close eye on these changes.
Do you think the UK economy would benefit from investing in the arts more broadly? As always, thoughts on an e-card please.
If you’re interested in how the budget cuts may affect you, you can visit the Budget Calculator website and work out exactly how much you’ll be losing or gaining from the cuts.