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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Published on inOn The Money
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Copymore inOn The Money
- Racing is losing precious time as the Jockey Club's search for a leader suffers major blow
- Kneejerk reaction to Gambling Commission report from opportunistic critics was all too predictable
- Gambling Commission steps up efforts to tackle black market betting as realisation of illegal threat finally hits home
- Labour ministers voice unexpected support for gambling - but will their words be backed up by actions?
- A warning for governments over illegal betting - and British racing must hope Rachel Reeves was listening
more inOn The Money
- Racing is losing precious time as the Jockey Club's search for a leader suffers major blow
- Kneejerk reaction to Gambling Commission report from opportunistic critics was all too predictable
- Gambling Commission steps up efforts to tackle black market betting as realisation of illegal threat finally hits home
- Labour ministers voice unexpected support for gambling - but will their words be backed up by actions?
- A warning for governments over illegal betting - and British racing must hope Rachel Reeves was listening