Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

British horse racing to strike for first time in protest at betting tax hike

by August 17, 2025
August 17, 2025
British horse racing to strike for first time in protest at betting tax hike

British racing will stage the first strike in its modern history next month, cancelling all fixtures on 10 September in protest at the Treasury’s plan to raise betting tax.

Four meetings due to take place at Carlisle, Uttoxeter in Staffordshire, and Kempton and Lingfield Park in Surrey will be called off, costing the industry an estimated £700,000. The blackout comes just days before the start of the St Leger Festival at Doncaster, one of the sport’s marquee events.

The strike is designed to underline opposition to proposals to increase the tax paid by bookmakers on sports bets from 15 per cent to 21 per cent, bringing it into line with online casino games. The British Horseracing Authority (BHA) and industry leaders warn that the move would undermine the sport’s financial model, which depends heavily on the separate horseracing betting levy. That levy — a 10 per cent tax on bookmakers’ profits from racing wagers — returned £108 million to the sport in 2024-25.

An economic study commissioned by the BHA estimated the proposed rise would cost the industry £330 million over the next five years and jeopardise 2,752 jobs in the first year alone. Racing is the UK’s second-largest spectator sport, worth £4.1 billion to the economy and supporting 85,000 jobs.

Jim Mullen, chief executive of the Jockey Club, which owns Carlisle and Kempton, warned the move would cause “irreparable damage that threatens a sport the nation is, and should be, proud of”.

Martin Cruddace, chief executive of Arena Racing Company, owner of Lingfield and Uttoxeter, said the plan posed an “existential” threat: “Unlike online casino games, British racing makes an enormous contribution to society and employment, has vastly different rates of gambling-related harm and is not available every ten seconds, 24 hours a day.”

The strike, which will see fixtures rescheduled but not replaced on the day, is intended to send a unified message to government. Trainers, jockeys and owners will join racing leaders and MPs at a Westminster campaign event instead.

Brant Dunshea, chief executive of the BHA, said: “British racing is already in a precarious financial position. Research shows that a tax rise could be catastrophic for the sport and the thousands of jobs that rely on it. We haven’t taken this decision lightly but our message is clear: axe the racing tax and back British racing.”

The Treasury has argued that harmonising betting and gaming duty would “provide tax certainty and increase simplification for remote gambling”.

The strike highlights the sport’s reliance on betting revenue and its vulnerability to shifts in government policy. Racing takes place in Britain on 363 days a year, with cancellations previously limited to bad weather, animal disease outbreaks or the Covid-19 pandemic. September’s action will mark the first time the industry has voluntarily suspended its own programme.

Read more:
British horse racing to strike for first time in protest at betting tax hike

0
FacebookTwitterGoogle +Pinterest
previous post
Evelyn Partners tipped for £2bn sale as private equity owners prepare auction
next post
AI ‘helper’ for jobseekers sparks fears of surge in junk applications

You may also like

New ‘buy now, pay later’ affordability checks may...

July 18, 2025

Late payments ‘soar’ as pressure grows on suppliers

April 24, 2023

Why Payment Flexibility is Key for UK Online...

September 4, 2024

Protecting Content Creators: The Need for Copyright Lawyers...

August 23, 2023

UK inflation rate falls to 3.9%

December 20, 2023

How to increase productivity from your workforce

February 18, 2025

Extraordinarily low unemployment means labour shortages of very...

September 13, 2022

When is the right time to revisit your...

May 22, 2023

Bitcoin price rises above $30,000 for first time...

April 12, 2023

How your eCommerce business can thrive through recession

October 4, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • European leaders will join Trump-Zelenskyy meeting, signaling solidarity with Ukraine

      August 17, 2025
    • BrewDog’s reliance on JD Wetherspoon shows a brand in retreat

      August 17, 2025
    • John Lewis estate supplies bottled water after pollution contaminates village supply

      August 17, 2025
    • BrewDog beers axed by almost 2,000 pubs as brand battles losses and closures

      August 17, 2025
    • Exploring the TEMU Influencer Program: A New Way for Creators to Earn   

      August 17, 2025
    • AI ‘helper’ for jobseekers sparks fears of surge in junk applications

      August 17, 2025

    Categories

    • Business (8,807)
    • Investing (2,217)
    • Politics (16,401)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved