'Triple it': UK's virus-hit news industry seeks massive tech giant aid

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The digital services tax targets search engines, social media services and online marketplaces. FMTNews Britain Virus

April 22, 2020 10:42 AM

The National Union of Journalists said urgent action was now needed, and the government should look to increase its new digital services tax on tech heavyweights to fund a wider, more long-term “news recovery plan”. It is expected to raise £280 million in its first year and £500 million by the end of 2025, according to the Office for Budget Responsibility.

Ian Murray, executive director at the Society of Editors, said the apparent increase in trust in traditional media was “a very thin silver lining from a horrible dark cloud”.

 

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