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British horse racing to go on strike over betting tax rise
British horseracing industry plans a one-day strike to protest a proposed betting tax increase from 15% to 21%, risking £66 million in annual losses and 2,752 jobs, the British Horseracing Authority said.
- British racing will stage a one-day strike on September 10 by cancelling four fixtures at Carlisle, Uttoxeter, Lingfield Park, and Kempton to protest a proposed betting tax rise.
- The strike is a reaction to the Treasury’s proposal to consolidate the current online gambling taxes into one Remote Betting and Gaming tax, which would raise the rate on horse racing profits from 15 percent to 21 percent.
- Industry leaders warn this tax rise threatens £66 million in annual income, endangers 2,752 jobs, and risks irreversible damage to a sport central to British culture and communities.
- The Jockey Club’s CEO emphasized that the temporary halt is intended to give the Government an opportunity to fully grasp horseracing’s economic value and cultural importance, with the goal of avoiding lasting damage to the sport.
- The cancelled meetings will be rescheduled, and the strike highlights calls for the Government to reconsider to protect British racing’s future amid financial precariousness.
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Winnipeg Free Press+13 Reposted by 13 other sources
British horseracing to go on strike in protest against rise in betting taxes
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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UK horse racing strike over betting tax rise
Four fixtures on September 10 – Carlisle, Uttoxeter, Kempton and Lingfield Park – are set to be called off as British racing prepares a one-day walkout in protest at a proposed rise in betting tax on racing profits from 15 per cent to 21 per cent. Racing’s leaders say the Treasury plan would bite hard. The British Horseracing Authority (BHA) argues the change would strip around £66 million a… Source
·Spain
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Total News Sources31
Leaning Left11Leaning Right3Center7Last UpdatedBias Distribution52% Left
Bias Distribution
- 52% of the sources lean Left
52% Left
L 52%
C 33%
14%
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