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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Copymore inOn The Money
- 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?
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more inOn The Money
- 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
- Time for a Big Mac? How British racing is looking to McDonald's for inspiration
- Expect slow progress on gambling debate as Labour conference suggests issue is not a government priority