Director’s cut | 11 October 2018
From our UK edition
‘The role of government is not to pick favourites and subsidise them or protect them.’ So says the government’s industrial strategy, published last year — a document which was supposed to distinguish between a free-market approach and the interventionism favoured by Jeremy Corbyn. Yet in one industry, at least, the government is doing exactly what it says it should not: it is showering firms with subsidies in the hope of generating growth. This week the British Film Institute (BFI) published a report making grand claims for the government’s ‘tax reliefs’ for the film industry.