Betting shops are like the Samaritans? Pull the other one.
Chancellor Rachel Reeves is expected to reveal in the next budget a sharp increase in taxes on sports betting. Unsurprisingly, betting giants are threatening to close their shops, claiming the tax will force them to make thousands of redundancies. The CEO of BetFred said the change would lead them to close all 1,300 betting shops in the UK. Entain, which owns Ladbrokes and Coral, also says it would close swathes of its 2,300 shops.