The UK’s Betting and Gaming Council (BGC) has warned proposed plans to raise gambling tax in the UK could lead to up to £3.1 billion ($4.1 billion) being lost from the economy and as many as 40,000 job losses across the industry.
These claims were made in a new report commissioned by the BGC and carried out by consultancy EY-Parthenon. Titled ‘Impacts of changes to betting and gaming regulation’, it considered several of the proposals submitted for an amended gambling tax.
The government is expected to set out new gambling tax plans during its upcoming budget on 26 November. Several approaches have been mooted but the government is yet to confirm which approach it will take.
