Betfred says all its shops may close if Reeves hikes gambling tax
Betfred, a prominent British bookmaker, has warned that it may be forced to shut down all of its shops if the government, under the leadership of Rishi Sunak, decides to increase gambling taxes. The company's co-founder, Fred Done, has stated that such a move would put 7,500 jobs at risk. The article highlights the potential impact of a potential tax hike on the gambling industry, which is a significant employer in the UK. Betfred operates a large network of physical betting shops across the country, and the company argues that an increase in gambling taxes would make it financially unviable to keep these shops open. The article does not provide any additional details on the proposed tax hike or the government's rationale for considering such a move. It also does not present any counterarguments or alternative perspectives on the issue.
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