Tag Archives: government

New 12-sided £1 coin replaces round pound from March 28

coin - Copyright: johndwilliams / 123RF Stock Photo

The government has launched a campaign to encourage the public to return round £1 coins after it was announced that the new 12-sided £1 coin will enter circulation on March 28. The Treasury, which estimates that £1 coins’ account for almost a third of £1.3 billion of coins stored in saving jars across the UK, has confirmed that the old-style …

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UK Government following French lead for racing funding changes

The UK Government will be applying for State Aid exemption to extend the horseracing betting levy to online bookmakers. The plans, revealed in today’s budget, show that rather than replacing the Levy Scheme, the DCMS is to attempt to alter it, following the line ploughed by the French authorities to introduce betting rights to sports. In a document responding to …

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British Racing rejects Coral offer after ABP row

The British Horseracing Authority has dismissed Coral’s offer for a flat 7.5% of its online and retail horseracing profits, labelling it an an “unrealistic realistic starting point” on the grounds that it would generate less for the sport than existing arrangements. The latest clash between racing and the bookmakers has been caused by the introduction of the Authorised Betting Partner …

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Government to announce new betting restrictions

The UK government is expected to introduce new mandatory measures for bookmakers today as it looks to stave off pressure from Labour on the gambling industry. Among the changes will be a tightening up on advertising, a shift in the planning laws to put betting shops in their own category and the enshrinement of the recent ABB machine code into …

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Culture secretary quits over expenses scandal

UK Culture Secretary Maria Miller has quit following a long-standing row over expenses. In a letter to the Prime Minister, she said the controversy ‘has become a distraction from the vital work this government is doing’. Miller had been sanctioned by the independent parliamentary commissioner for standards over expenses claims for a second home that her parents lived in and …

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