Horse racing to go on strike in protest against government’s planned betting tax rise
The British horse racing industry is planning a one-day strike on September 10th to protest the government's proposed increase in the betting tax rate. The Treasury has proposed aligning the duty rate for sports betting with the higher rate for more addictive forms of gambling, such as roulette and online slots. In response, all scheduled racing events on that day will be cancelled, resulting in an estimated £700,000 loss for the industry. This escalation of protests is the racing sector's attempt to pressure the government to reconsider the planned tax hike, which they believe will significantly impact the sport's viability and competitiveness.
Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.
