Unprecedented strike shows racing unified to send pre-budget message to Labour over betting duty crisis
The article discusses an unprecedented strike in the racing industry, which highlights the threat posed by the government's proposal to "harmonise" the rate of duty charged on profits from betting on sport and other uncertain events, as well as fixed-margin casino products. The strike, which resulted in the cancellation of scheduled races at Lingfield, Carlisle, Uttoxeter, and Kempton, is a rare occurrence in the history of British racing, with only a few instances of blank days in the past due to extreme weather conditions or disease outbreaks. The article suggests that the industry views the government's proposal as a serious threat to its finances, and the strike is a unified effort to send a pre-budget message to the Labour government.
Source: For the complete article, please visit the original source link below.
