How Brexit Has Helped Out Hollywood

The Bank of England didn't predict this in their pre-Brexit forecast, did they?

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The Chief Economist at The Bank of England, Andrew Haldane, recently admitted that his prediction of lots of 'irrational behaviour' following Brexit, hadn't really come to pass.

In fact, contrary to fears of everyone running around screaming and tearing their hair out, the drop in value of the Pound Sterling may actually have had some positive consequences. For one, the tourism industry is booming.

The Hollywood sign
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Likewise, The Hollywood Reporter states that the who's who of Hollywood is moving en-masse to shoot in the UK.

British-based filming was already at an all-time high since some tax benefits were introduced a few years ago, but with the new favourable exchange rates, American companies are falling over to film here.

Adrien Wootton, who is the head of the British Film Commission and Film London said that, 'For American producers, Christmas came early,' because, 'suddenly [shooting in the UK] became 20 percent cheaper.'

The cast of Star Wars: Rogue One

Disney already shoots all thing Star Wars here, Pine Wood Studios have doubled in size and Warner Bros. are apparently opening up new studios in Bristol and Yorkshire.

Now, we were apprehensive about the Brexit fallout, but if it means Ryan Gosling and the like need to be visiting the UK a little more often, we guess we're ok with it.

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