Analysis: Budget’s Video Games Tax Bombshell ‘Will Hit Jobs’

Chancellor George Osbourne, in his emergency budget Tuesday, has clicked “undo” on £1 billion in tax relief the UK video games industry was promised in March.

Previous chancellor Alistair Darling had heeded long-made calls for the tax relief, which countries like Canada, most notably, give to developers. But Osbourne’s budget speech says: “In the current climate, with the deficit the size it is, all these reductions in tax must be more than paid for by other changes to business taxation.”

Deloitte’s games analyst Rupert Clark sent this analysis note…