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OpinionOn The Money
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Bookmakers will have breathed a sigh of relief after the budget - but it may only be a temporary reprieve
Bill BarberIndustry editor
Gambling's reprieve from tax rises in the budget may only be temporaryCredit: Dan Kitwood (Getty Images)
The reaction of the City gave rather a large clue as to how last week's budget had gone for the gambling industry.
Shares in Flutter Entertainment, Entain and Evoke all bounced on Wednesday after chancellor of the exchequer Rachel Reeves left gambling duties untouched in her statement.
They were bouncing back having lost £3 billion in value earlier in the month following reports the Treasury was considering proposals put forward by a couple of think tanks that some gambling duties should be at least doubled.
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more inOn The Money
- For good or bad, 2025 cannot help but be a year of change for British racing
- British racing's problems are not all of its own making but recent call to action must be heeded
- There is no misunderstanding - the Gambling Commission is responsible for the confusion caused by affordability checks
- Labour government starts making progress on gambling reform - but tone of announcement gives cause for concern
- A stark warning for British racing as vested interests continue to undermine progress