#gambling-taxation

#gambling-taxation

The boss of the UK's main betting and gaming lobby group has told MPs that there is no social ill with gambling as she warned against imposing higher taxes on the sector in the November budget. Grainne Hurst, the chief executive of the Betting and Gaming Council, repeatedly made the statement to parliament's Treasury select committee on Tuesday, where she also claimed that higher taxes would result in thousands of job losses and push punters into using hidden market services.

"It [tax] doesn't even need to go up to 50%. If it went up to anywhere like 40% or even 35% there is no profit in the business. We would have to close it down. I'm talking job losses. We're talking probably 7,500,"