Racing celebrates ‘Axe the Tax’ Budget campaign victory after Reeves spares sport | Horse racing

Charles Allen, the chair of the British Horseracing Authority, paid tribute on Wednesday to “everyone who has played their part across the sport” after the budget announcement by the chancellor, Rachel Reeves, that the rate of duty for betting on horse racing will remain unchanged at 15%. Confirmation that racing would be exempt from tax […]

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MPs urge Reeves to raise gambling taxes despite ‘scaremongering’ from firms | Budget 2025

The chancellor should ignore “scaremongering” by gambling firms and raise taxes on the £11bn sector’s most harmful products, MPs on the influential Treasury select committee have said. In a scathing report, delivered as Rachel Reeves’s Treasury team is finalising her second budget as chancellor, MPs accused the sector of hiding its more “insidious” products behind […]

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