Chancellor Rachel Reeves risks creating “Black Market Britain” with gambling tax

Chancellor Rachel Reeves risks creating “Black Market Britain” if next month’s Budget sees significant tax raids on the gambling sector.

Industry insiders have warned of the potentially catastrophic impact on bookmakers and gambling firms if levies on betting and online slot machines are hiked in line with recommendations by former Prime Minister Gordon Brown.

The future of gambling taxes will be discussed on Tuesday in a Treasury Committee hearing featuring Paddy Power co-founder Stewart Kenny, former Tony Blair and Brown advisor Theo Bertram and figures from the Betting and Gaming Council.

City AM understands that a number of meetings took place between major betting operators and Reeves’s Treasury

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