Chancellor Rachel Reeves is being urged by the IPPR think tank to more than double the tax rate on gaming machines in her Budget on November 26 View 2 Images Rachel Reeves' tax hikes could put bookies out of business (Image: Getty Images)

Huge proposed increases to gambling machine taxes will shut 3,400 bookies and make 25,000 unemployed, warn industry lobbyists. ‌

Chancellor Rachel Reeves is being urged by the IPPR think tank to more than double the tax rate on gaming machines in her Budget on November 26. ‌

But research by the Betting and Gaming Council (BGC) shows the plans sent to the Treasury would have a devastating effect on Britain’s high streets. ‌

The IPPR proposes raising gambling taxes to fund social programmes with the goal of raising an estimated £3.2 bi

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