UK wants tax breaks for encouraging new artists

In a move most Americans would find laughable (our tax breaks being reserved for the richest 1% and oil companies), UK record companies are asking the government for tax breaks to offset their investment in new artists, The Independent reports. The British record industry trade association, BPI, is championing the idea, which would put what they call the "creative industries" on par with other business and industry sectors in terms of development and research. I'm still waiting to hear the effect it would have on the music industry in Britain...