“In 2008, 111 feature films were made in Britain, down from 126 the previous year. Their overall cost, £578.2m, represented a drop of 23 per cent from the previous year. Overseas investment in the UK industry fell by more than a third – from £523m to £338m. Britain faces a situation where, even as its actors, directors and screenwriters are among the most sought-after in Hollywood, the lion’s share of the revenue, jobs and taxes they generate stay in the US.”