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Stirling MP Alyn Smith requests tax-relief for journalism outlets
Stirling MP Alyn Smith wrote to the Chancellor earlier this month to request ‘vital’ further support for UK-based media outlets. The SNP politician wrote to Chancellor Rishi Sunak to request a time-limited tax relief on advertising spend for UK media while excluding foreign news agencies. He predicts that the exclusion will bring down the initial cost for the government by 60%. The MP hopes that the tax-relief will allow companies to boost their marketing capabilities, helping to protect professional roles in UK media with further investment for jobs, while boosting consumer confidence in advertising with print, radio and TV media.
James Greer