Chris Bryant

Chris Bryant

Labour — Rhondda and Ogmore

Speaking in the House of Commons on 7 May 2025

Debate

United States Film Tariff

Contribution

The hon. Lady makes a good point, which has been raised with me by several other Members. We made special provision in the Budget to ensure that the business rates for studios are protected until 2034, and I think that is a good measure. I know that some of the very large studios are finding it more difficult, and I am happy to continue looking at the issue. Let me read some statistics that may be helpful. According to a report published in January by the Motion Picture Association of the United States of America, in 2023 the US earned $22.6 billion in film and television exports, and its services trade surplus was $15.3 billion, or 6% of the total US trade surplus in services. It is mutually beneficial for the US and the UK to remain with the system we have, without tariffs.

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