Health10/19/2025•The Guardian
Betfred says gambling tax rise in budget will force it to shut all its UK shops
Betfred, a major UK gambling company, has warned that it will be forced to shut down all 1,287 of its high street betting shops if the government raises taxes on the gambling industry in the upcoming budget. The company's bosses claim that the proposed tax hikes, which could amount to £3.2 billion on sports betting, will effectively kill their profits. This threat from Betfred comes as the gambling industry ramps up its lobbying efforts to prevent the anticipated tax increase, which the government is considering to help address a potential £30 billion shortfall in public finances.
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