Traditional British sports 'under threat' as Rachel Reeves plans £1billion betting tax hike

Traditional British sports 'under threat' as Rachel Reeves plans £1billion betting tax hike

Rachel Reeves has been warned that any betting tax rises will cripple traditional British sports.The Tories have warned that the Chancellor's reported £1billion gambling tax grab will cost jobs, shut betting shops and rip cash out of racing, football, darts and rugby league.Bookies help boost sponsorship and media deals, with the Conservatives highlighting that Horse Racing will lose funding.Although Ms Reeves is understood to be considering an …