British government

The British Chancellor Rachel Reeves confirmed on Wednesday that remote betting on British horseracing will be exempt from tax rises and remain at 15%. The British horseracing industry welcomed the news. The British Horseracing Authority said in a statement, "It is welcome that the Chancellor has today rightly recognised the vital importance of racing as a cultural, social and economic asset and acted to help secure the sport's long-term future. "The Chancellor's positive decision recognises the potential damage to our sport, and the jobs supported by it, if the Government...

In an extraordinary move by the British Horseracing Authority (BHA), no race meetings will take place in Britain on Wednesday, September 10. The refusal to race is a protest at the British government's proposed tax rise on horserace betting, which, if approved, would bring it in line with betting on online gaming, pushing it up from 15 per cent to 21 per cent. This will be the first time that the sport has voluntarily refused to race in its modern history. The four meetings scheduled for that day will move...