Tag Archives: Rishi Sunak

Bacta boosts social responsibility functions with new London event

SBC News Bacta boosts social responsibility functions with new London event

Further expanding its safer gambling activities, amusement arcade industry trade association Bacta has announced its Social Responsibility Exchange.  The event will take place on 22 November at London’s County Hall, and function as a means for Bacta members to share social responsibility best practices, tactics and strategies.  YGAM and GamCare will both speak at the event, which will also feature …

Read More »

Smarkets: Truss leads Sunak in Tory Leadership final two

SBC News Smarkets: Truss leads Sunak in Tory Leadership final two

Following a last round of ministerial votes submitted to the 1922 Committee, the Conservative Party has summoned its final two tributes for Party Leadership – with the winner to replace Boris Johnson as Britain’s next Prime Minister.  Triggered on 8 July, a leadership race that saw ten MPs submit their bids to enter the Tory leadership coliseum has seen contenders …

Read More »

Punters smell Boris’ blood but remain cold on exit method & weak successors 

SBC News Punters smell Boris’ blood but remain cold on exit method & weak successors 

Trading teams report on a roller-coaster 24-hours repricing UK political markets, as once again Boris Johnson’s future as PM is on the brink of a total collapse. Peak betting activity was triggered yesterday afternoon, as news broke of the double whammy of senior resignations led by Health Secretary Sajid Javid, who was quickly followed by Chancellor Rishi Sunak.  Handing in …

Read More »

Smarkets: Boris faces a coin-flip on leading Conservatives into next election

SBC News Smarkets: Boris faces a coin-flip on leading Conservatives into next election

PM Boris Johnson may have paid a £50 fixed penalty notice for attending an ‘impromptu birthday party’ at 10 Downing Street – yet Partygate allegations continue to dog his leadership of the Conservative Party. Mocked by opposition, Johnson continues to deny that he misled the public and fellow ministers, unaware of multiple parties held at Number 10 as UK households …

Read More »

Treasury maps out plans to make UK a hub for all digital payments

SBC News Treasury maps out plans to make UK a hub for all digital payments

The UK Treasury has initiated wider plans to establish a regulatory framework to govern cryptocurrency, in which it has outlined its objective to make Britain a hub for digital payments. The UK government seeks to regulate certain stablecoins in order to elevate confidence and security within cryptocurrencies and further digital transactions. Chancellor Rishi Sunak stated: “It’s my ambition to make the …

Read More »

Bacta calls for amusements’ consideration in Spring Statement

SBC News Bacta calls for amusements’ consideration in Spring Statement

Chancellor of the Exchequer Rishi Sunak announced the government’s Spring Statement on the UK budget today, outlining a number of areas for investment as the country’s recovery from COVID-19 continues.  Ahead of the statement, the UK’s betting and gaming trade associations have called on the government to take the industry into consideration, with amusement arcade body Bacta today focusing on …

Read More »

Smarkets: All eyes on Sunak Statement as UK recession looms at 32% 

SBC News Smarkets: All eyes on Sunak Statement as UK recession looms at 32% 

British households and businesses anxiously wait for Chancellor Rishi Sunak to announce his Spring Statement tomorrow, a missive that will outline how the government intends to navigate the toughest economic headwinds faced in a generation.  Yesterday the Bank of England raised interest rates back to the pre-pandemic level of 0.75%, deploying the fiscal measure to stop the economy being stunted …

Read More »

BGC supports recovery plan but urges White Paper consideration

BGC pledges to maintain safer gambling momentum

The Betting and Gaming Council (BGC) has stated that the “well-meaning but naive changes to regulation” suggested as part of the review of the 2005 Gambling Act could put the industry and its economic contribution at risk.  Releasing a statement this morning, the industry standards and trade body updated that it would support the government’s plan for recovery as the …

Read More »

Sunak highlights racing concerns to DCMS ahead of Spring Statement

SBC News Sunak highlights racing concerns to DCMS ahead of Spring Statement

DCMS has been warned to protect the interests of horseracing, as the department prepares to publish its forthcoming White Paper that will demand a wholesale regulatory reform of the gambling sector. This weekend, Chancellor Rishi Sunak is reported to have raised ‘specific questions’ with DCMS secretary Nadine Dorries on whether UK racing’s concerns have been weighed up by inbound reforms. …

Read More »

Former Health and DCMS Minister backs racing industry ahead of gambling review

SBC News Former Health and DCMS Minister backs racing industry ahead of gambling review

Matt Hancock, the former Secretary of State for Health, has outlined his support for the horse racing sector ahead of the Gambling Act review judgement, as reported by the Racing Post.  Expected sometime this spring, the government’s overhaul of the 2005 Gambling Act aims to address major changes in the British betting and gaming industry, notably the rise of online …

Read More »