Farage warns Budget hike to betting taxes will devastate UK’s high streets
NIGEL Farage has warned that a Budget hike to betting taxes will devastate the UK’s high streets.
TL;DR
- Nigel Farage warns betting tax increases will harm UK high streets.
- Further closures of bookmakers are predicted.
- Increased taxes could push punters towards the black market.
- Analysis by EY suggests potential job losses and outlet closures.
- The rise in Machine Games Duty from 20% to 25% is criticized.
- The owners of Mecca Bingo and Grosvenor Casinos estimate a £9 million annual cost.