The October budget delivered by UK Chancellor Rachel Reeves has sparked mixed reactions across the country’s creative industries, with the film sector finding itself at a pivotal moment. While some measures aim to sustain growth, others raise concerns about rising costs and their potential to deter high-end productions.
Reeves’ budget emphasised fiscal responsibility, aiming to address public sector challenges and bolster the UK economy amid global uncertainties. However, for the film industry, the budget brought measures that could impact production costs significantly. Employers across all sectors now face higher National Insurance contributions and increased minimum wage rates—changes that could weigh heavily on the labour-intensive nature of film productions.
