Labour considers up to £3bn tax raid on gambling firms

Treasury weighing proposals as chancellor attempts to plug £22bn hole in public financesThe gambler who turned tables on bookies and lobbies for UK tax riseRachel Reeves spends first 100 days in power trying to ride two horsesMinisters are considering a tax raid of up to £3bn on the gambling sector as Rachel Reeves casts around for funds to shore up the public finances.Treasury officials are understood to be weighing up proposals, put forward by two influential thinktanks and backed by one of the party’s top five individual donors, to double some of the taxes levied on online casinos and bookmakers. Continue reading...