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Leading article

Director’s cut: why do our taxes pay for loss-making films?

13 October 2018

9:00 AM

13 October 2018

9:00 AM

‘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.

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