UK Gambling Industry Faces Uncertainty as Potential Tax Hikes Loom

[MissExposé]

The UK gambling industry is bracing for possible tax hikes as Labour’s budget announcement approaches on October 30. Chancellor Rachel Reeves may increase taxes on gambling operators to address a £22 billion deficit. Proposals suggest raising the remote gaming duty, which currently stands at 21%, with options ranging from 42% to 50%. This could generate billions but has raised concerns within the sector. Major companies like Entain and Flutter have seen stock prices drop. The Betting and Gaming Council warns that steep hikes may push consumers toward illegal markets and harm the industry’s growth and job stability.

Source: https://www.casinonewsdaily.com/blo...e-potential-tax-hike-amid-budget-speculation/

 

[AidanLCFC]

They have no idea how many jobs will be lost if they try this stunt