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Racing celebrates ‘Axe the Tax’ Budget campaign victory after Reeves spares sport

about 16 hours ago
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Charles Allen, the chair of the British Horseracing Authority, paid tribute on Wednesday to “everyone who has played their part across the sport” after the budget announcement by the chancellor, Rachel Reeves, that the rate of duty for betting on horse racing will remain unchanged at 15%.Confirmation that racing would be exempt from tax hikes on online casino gaming as well as betting on football and other sports follows a seven-month campaign under the slogan “Axe The Racing Tax”.It was initially launched in response to a Treasury proposal to “harmonise” the duty paid on betting and gaming at a single rate.Instead, the chancellor opted for a new regime on gambling duty with a focus on online games of chance, which are associated with significantly higher rates of gambling-related harm than single-event betting.Remote Gaming Duty (RGD), the tax paid on profits from online slots and casino games, will almost double, from 21% to 40%.

While the tax rate for online betting on sports other than racing will rise from 15% to 25%, there is no change to the rate on machine gaming or sports betting in high-street shops.“I would like to commend the chancellor and the government for listening to the concerns of British racing and offering their clear support for our sport,” Lord Allen said , “[and] thank everyone who has played their part across the sport, standing as one to communicate our message.“The government has rightly recognised that we are not only a vital part of the fabric of the British way of life, but we are also a global leader and one of the country’s most important soft power levers.We want to maintain Britain’s place on the world stage.”Martin Cruddace, the chief executive of Arena Racing Company (Arc) and a key figure in the “Axe The Racing Tax” campaign, said the sport had “been clear throughout that harmonisation of tax rates of British racing and other betting and gaming products would gravely impact our industry”.

He added: “As a sport and industry, we continue to offer a real contribution to this country, supporting communities and culture,I am so glad the government has recognised that fact and helped put our sport on a path to growth,”The new gambling duty regime is closely aligned to proposals put forward by the Social Market Foundation (SMF) thinktank in July,It also follows an intervention in the debate in August by the former prime minister Gordon Brown, calling for a significant rise in online gaming duty,“This decision mirrors the proposals made in our recent SMF report on gambling tax,” said Dr James Noyes, one of the authors of the report.

“We are pleased the government has decided to differentiate between different types of gambling product – increasing the duty on more harmful remote casino content while protecting horse racing from the planned rise in betting duty.“For too long, the online gambling industry has been undertaxed.This decision by the chancellor will ensure that operators pay their fair share and brings the UK into line with international best practice.”Gambling operators’ profits on racing bets are subject to an additional 10% deduction to fund the Levy.The decision to increase the rate of duty on non-racing bets, effectively aligning these with racing bets at a total deduction of 25%, will be expected to increase the sport’s attractiveness as a product for online operators.

Uttoxeter: 12.25 Merry Monty 12.55 Khrisma 1.30 Double Click 2.05 Holokea 2.

40 Fortune Dancer 3,15 Soldier’s Leap,Taunton: 12,35 Miss Altea Blue 1,05 Iris Des Issards 1.

40 Maximum Offers 2.15 Ellerton 2.50 Bashful Boy 3.22 Begin The Luck 3.52 No Risk Today.

Lingfield: 12.40 Malago Rose 1.15 Moor End 1.50 Broomfield Aderra 2.25 Noble Park 3.

00 Mondo Man 3.33 Defi Nonantais.Newcastle: 3.28 Jez Bomb 4.05 Leonetto 4.

40 Mythical Bay 5.15 Unassuming 5.45 Henery Hawk 6.15 Uniting 6.45 Secret Guest 7.

15 Bungle Bay.Chelmsford: 4.30 Accommodation 5.00 Snow Light 5.30 Diamond Ali 6.

00 An Bradan Feasa 6.30 Madrigal Moment 7.00 Calafrio (nap) 7.30 Parlando (nb) 8.00 Eliza Bennet 8.

30 Stratoc.The budget statement allocated an additional £26m for the Gambling Commission to combat a possible increase in unlicensed gambling, which has been repeatedly raised by the Betting and Gaming Council, the industry’s main lobbying group, as a potential result of tax rises.“We want to collaborate with our betting operator partners to grow the sport,” Brant Dunshea, the BHA’s acting chief executive, said, “and I’m absolutely convinced that betting operators and racing have a shared interest in doing that and are committed to doing so.“Our sport is often criticised for being fragmented and not joined up.I think [the success of the campaign] is a very good example of how when the sport comes together with a shared purpose and a shared goal, we are an incredibly powerful voice to government.

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politicsSee all
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Hereditary peers aren’t out of touch with the realities of the job market | Letter

You claim that “out-of-touch” hereditary peers in the House of Lords are blocking Angela Rayner’s controversial employment bill, which is spreading fear and anxiety throughout British business and choking the job prospects of young people in particular (‘Out of touch’ hereditary peers criticised for voting against workers’ rights, 18 November).Yet who really is out of touch with the realities of the job market? Cabinet members – none of whom has had a serious job in business? Or those you deride, many of whom have vast experience in setting up and running businesses, large and small. Unemployment has hit 5%, 1.7 million people are now on unemployment benefits, and the government’s own analysis has shown this bill will cost businesses £5,000m a year.The Lords’ stand is backed by the Federation of Small Businesses, the CBI, the Institute of Directors, Make UK, Care England and many more, including that old Guardian pin-up, Sir Tony Blair

about 16 hours ago
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Reeves freezes fuel duty for now as she confirms 3p-a-mile electric vehicle charge

Fuel duty will be frozen again, but only for five months until September 2026, the chancellor has announced, as she confirmed a new 3p-a-mile charge for electric cars from 2028.Rachel Reeves will freeze fuel duty in April at 52.95p a litre for petrol and diesel – a 16th successive year without a rise – but the so-called “temporary” 5p cut introduced by Rishi Sunak will be reversed in stages from September.Raising fuel duty has become politically contentious since the first freeze announced by the coalition government in 2010, but the eventual rise will help maintain a differential in running costs to encourage the transition to electric cars when the new mileage-based levy on EVs takes effect from 2028-29. Fuel duty in effect costs about 6p a mile on average for cars

about 17 hours ago
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Three more ex-pupils at school with Nigel Farage reject ‘banter’ claims

Three more school contemporaries who claim to have witnessed Nigel Farage’s alleged teenage racism have rejected the Reform UK leader’s suggestion that it was “banter”, describing it as targeted, persistent and nasty.One former pupil, Stefan Benarroch, claimed that people emerging from a Jewish assembly at Dulwich college had been in the sights of Farage and others for taunts while a second, Cyrus Oshidar, described as “rubbish” the claim that the Reform leader did not act with intent to hurt.“Being called a Paki isn’t hurtful?” Oshidar asked. A third, Rickard Berg, told the Guardian: “He’s now in a position where he shouldn’t be denying this. He’s straight up lying

1 day ago
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UK politics: No 10 says no final decisions after leak reveals jury trials might be scrapped except for alleged rapists and killers – as it happened

David Lammy, the justice secretary, has written to officials and other ministers suggesting only rape, murder and manslaughter cases might be heard by juries under plans to overhaul the courts system.According to a report in the Times, in the document Lammy said there was “no right” to a jury trial in the UK and that drastic action is needed to reduce crown court backlogs.Downing Street insisted that no final decision has been taken, but did not deny that Lammy, deputy PM as well as justice secretary, is considering getting rid of juries for most trials.According to the Times, Lammy proposed that ony only rape, murder, manslaughter and “public interest” cases would be heard by juries. It says this could result in 75% of cases being heard by a judge alone

1 day ago
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‘Where’s Nige?’ Reform leader skips Commons statement on Ukraine, leaving Tice to face pile-on | John Crace

Just occasionally the House of Commons is more remarkable for who isn’t in the chamber than for who is. So it was striking that Nigel Farage was absent for Keir Starmer’s statement on the G20 summit and the Ukraine peace process.You might have thought the man who has spent the last six months telling anyone who will listen that he will be the next prime minister might take some interest in geopolitics and Britain’s global standing. Apparently not. Only Richard Tice from Reform stayed for the session

1 day ago
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‘I didn’t start it’: Starmer apologises for ‘six seven’ uproar during school visit

It has become the bane of many parents’ and teachers’ existence: children bleating out “six seven” for apparently no reason.So parents of pupils at Welland Academy in Peterborough will be unimpressed to discover that none other than the prime minister was encouraging their youngsters in the viral phenomenon.In a clip posted to Keir Starmer’s Instagram account, the prime minister can be seen reading with a young girl who points out she is on “page six-seven”, prompting him to start the dance move – a juggling like motion – that accompanies the infuriating craze.Before long, other members of the class are joining in and laughing hysterically.“That was a bit wild,” Starmer says as he exits the classroom, before he is swiftly reprimanded by the school’s headteacher, Jo Anderson

2 days ago
businessSee all
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Labour is still in a muddle on North Sea oil and gas | Nils Pratley

about 15 hours ago
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Ed Miliband confirms crackdown on North Sea exploration – but new drilling will continue

about 17 hours ago
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North Sea plan allows drilling while enabling Labour to keep ‘no new licences’ pledge

about 18 hours ago
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Computer maker HP to cut up to 6,000 jobs by 2028 as it turns to AI

about 19 hours ago
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Ministers approve £750m Marlow Film Studios development after review

about 19 hours ago
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The latest inflation figures offer no joy – except to the gas producers whose windfall profits remain largely untouched | Greg Jericho

about 20 hours ago