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Tabloids: Video Game tax break robbing Grannies

March 23, 2012 by Mat Growcott

At the same time as the Video Games industry gets a tax break, the "granny" tax is going to make pensioners worse off. Wait a second, doesn’t that mean that the video game developers are robbing the elderly?

In the latest tax budget for the UK, creative industries (with a specific focus on video games it seems) will be getting the long awaited and long deserved tax break. Given that it's our more lucrative form of entertainment and that it's rapidly growing as kids from the nineties decide they want to work in the industry, this seems to make perfect sense.

On the other end of the spectrum, elderly people are having their tax limit frozen or axed entirely, depending if you're already part of the scheme or are just retiring. This means that somebody turning 65 next year will be significantly less well off than somebody turning 66. This has received quite a lot of attention over the last few days and has been nicknamed the Granny tax.

These two things aren't really linked, there will have been seperate decisions for both of them and that should really be common sense. Apparently not for the papers though, who are running stories damning the Chancellor for stealing money from old people in order to fund creative industries.

One paper, The Sun, complained that the budget was putting your tax money into the wrong trousers, damning old people, but saving Wallace and Gromit. Metro ran with the headline Gran Theft Auto. Expect other papers, specifically The Daily Mail, to run similar stories over the weekend, if they haven't already.

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