UK chancellor of the exchequer George Osborne has said in his Budget announcement this afternoon that government is to introduce tax relief for the nation's videogame companies.

In his speech at the House Of Commons, Osborne said the move was part of a bid to "turn Britan into Europe's technology centre, starting with digital content."

TIGA CEO Richard Wilson said: "This is a brilliant decision by the government and terrific news for the UK videogame industry. It is also a decisive victory won by TIGA through audacity, determination and endurance. Like a boxer knocked down by his opponent, we refused to accept defeat and kept getting back in the ring. This victory will benefit not just the game development and digital publishing sector, but also the wider UK economy."

No specifics have been detailed yet as to what benefits will come to the UK's game developers and publishers.  When those numbers are announced, BritXbox will update this page.

More to come...