A leading think tank, the Institute For Public Policy Research (IPPR), suggests that changes to UK gambling laws could lift 500,000 children out of poverty by generating £3.2 billion. This funding could be used to eliminate the two-child limit and the benefit cap, addressing the significant issue of child poverty affecting 4.5 million children in the UK. The report emphasizes the need for increased duties on online gambling firms, which largely profit from a small percentage of users.
Around half a million children could be lifted out of poverty through reforms to UK gambling laws, according to the Institute For Public Policy Research (IPPR). Their report claims that £3.2 billion could be raised by altering gambling tax policies, sufficient to eliminate the two-child limit and benefit cap. These changes would significantly help reduce child poverty, which currently affects approximately 4.5 million children in the UK.
The IPPR’s proposals advocate for increased taxes on online gambling operators, particularly targeting online casinos, slot machines, and high-stakes betting. Given that over sixty per cent of gambling profits are derived from just five per cent of users, this sector shows concentration of harm, notably affecting vulnerable individuals.
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