The Autumn Statement has revealed that no tax increases will be applied to UK Gambling in the 2024 Budget. Announced by Chancellor Rachel Reeves, who this afternoon presented the UK’s first Budget statement by a female chancellor and the Labour Party’s first fiscal policies in 14-years. In her address, Reeves directly chastised former Chancellor Jeremy Hunt and outgoing Conservative Party …
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The Treasury has been warned by the Betting and Gaming Council (BGC) not to impose a simplified measure on UK gambling taxes, branded as a ‘Trojan horse’ for the industry and its diverse stakeholders. Last week’s Autumn Statement saw Chancellor Jeremy Hunt confirm that the Treasury would consult on proposals to bring remote betting into a single tax framework, replacing …
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The UK government has been warned of technical shortfalls and entry barriers in its path to unlocking an open banking system to reducing SME costs and to change retail banking processes benefitting the consumer. PaymentExpert drills down on the ‘Future of Payments’ report by Joe Garner, former Chief Executive of Nationwide, on how the UK can overcome existing challenges and deliver banking transparency …
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The Betting and Gaming Council (BGC) has called on the Chancellor to rethink its tax plans on the UK gambling sector, as land-based casinos face a £5m a year stealth tax. Under measures announced by the Treasury’s Autumn Statement saw Gaming Duty Bands applied to UK casinos frozen. As such, gaming duties will not rise with inflation, effectively creating a …
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In the wake of former PM Boris Johnson announcing his ministerial resignation, Betfair Politics sees odds shorten further on the Labour Party to secure a majority in the forthcoming general election. A repricing of all UK political markets comes in the aftermath of Johnson’s resignation as an MP, which has been subsequently followed by a chaotic fallout amid Conservative Party …
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PM Boris Johnson remains steadfast that he will not resign over parties held at Number 10, as the UK public observed national lockdown rules, obeying his government’s orders. The PM stated that he would ‘take full responsibility for the scandal’, as yesterday the Met published Sue Gray’s delayed report that laid bare incidents of ‘intoxicated staff, vomiting on carpets, wine …
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As the late Madam Cyn might have attested, some MPs seem to gain odd pleasure from the sensation of pain. Indeed, the lexicon of British politics is littered with masochistic references – where else might it be acceptable to be ‘whipped’ on a regular basis, for Parliament to be ‘hung’ or to risk an encounter with the ‘Black Rod’? So …
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UK Chancellor of the Exchequer Philip Hammond was full of banter and punch-lines as he delivered Wednesday’s Autumn Budget, but Paddy Power Politics details that it could be ‘Spreadsheet Phil that becomes a laughing stock in the aftermath of his speech’. The early Budget criticism is already enough for Paddy Power to make it odds-on for the Tory government to replace Hammond …
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With the first all out NHS junior doctors strike, there is much speculation about the fate of Health Secretary Jeremy Hunt. David Cameron has publicly backed Hunt’s handling of junior doctors but a huge amount of these doctors, which it’s key to highlight includes any doctor below consultant or GP level, are not in agreement with the PM’s stance. Junior doctors …
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