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 reform campaigners look to land another blow - but with their customary carelessness when it comes to the facts
- British racing may have won a battle at the budget but the war is still to be won
- Gambling taxes are set to rise in the budget - it's now a question of where and by how much
- The Five Great Myths of the betting tax debate and the One Great Truth - the very real dangers to racing are laid bare
- Treasury's gamble risks driving players underground as committee's flawed report ignores key evidence
more inOn The Money
- Gambling reform campaigners look to land another blow - but with their customary carelessness when it comes to the facts
- British racing may have won a battle at the budget but the war is still to be won
- Gambling taxes are set to rise in the budget - it's now a question of where and by how much
- The Five Great Myths of the betting tax debate and the One Great Truth - the very real dangers to racing are laid bare
- Treasury's gamble risks driving players underground as committee's flawed report ignores key evidence