Wallace and Gromit
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Budget 2012: Tax breaks for TV production

A tax credit scheme for TV production and animation firms is to be introduced, in a bid to keep creative talent in Britain.

Chancellor George Osborne announced the plans in Parliament as part of the new Budget for 2012.

Mr Osborne said it was the government's "determined policy" to keep Wallace and Gromit "exactly where they are".

The chancellor's annoucement was a jibe at Labour leader Ed Miliband who has been compared to the animated dog.

  • 21 Mar 2012