Horse racing ‘risks are destroyed’ if Reeves pushes forward with a tax attack

Horse racing risks are destroyed when Rachel Reeves anticipates a tax attack on online gambling, alerted parliamentary members today.

Senior Work And Tory Politicians insisted on the Chancellor not to store gambling taxes.

They say that “one of the crown jewels of British sport and culture can wipe out”.

The treasury is considering new distance competitions remotely and gaming duty, including racing Betting would be taxed at the same rate as online gaming and slots – even though it is less profitable.

Such a movement would discourage bookmakers from promoting the sport, leading to fewer bets, it is said.

In a new report, the All Party Parliamentary Group for Racing and Bloodstock said that would cause tax losses and economic pain for cities such as Doncaster, Cheltenham and Newmarket.

Labor MP Dan Carden said: “I call on the government to secure an honest financing model, Protect job and let horse races thrive future generations. ”

And Tory Member of Parliament Nick Timothy added: “Horse racing is one of the crown jewels of British sport and culture. No one will forgive ministers if their decisions lead to the decline.”

The concerns of the MPs are supported by voters, whereby the poll for the AppG two -thirds shows that horse races as a key to the identity of race Meet towns.

The racing sector contributes £ 4.1 billion to the economy and supports more than 85,000 jobs.

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