"Every time the Treasury squeezes the regulated market, the black market grows stronger. Unregulated operators pay no tax, provide no consumer protections, and threaten UK jobs and revenues."
"many of whom are struggling to raise their own children or choosing not to have them in the first place"
"fund unlimited child support for others"
"the only way we'll lift children out of poverty in this parliament"
Nearly a quarter of Labour MPs have signed a petition urging the chancellor to hike taxes on gambling companies and use the proceeds to lift the two-child benefit cap. The campaign, backed by 101 Labour MPs, estimates a gambling levy could raise 3bn and lift half a million children out of poverty. The Betting and Gaming Council warned further tax rises would harm jobs, investment and funding for sports and tourism and said squeezing the regulated market strengthens the black market. Conservative leader Kemi Badenoch opposes removing the cap, while senior Labour figures argue removal is necessary to reduce child poverty. The chancellor faces a 20bn gap.
Read at www.bbc.com
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