Labour’s tax hikes force Betfred to pull sponsorship of British Classics horseracing events

The Sun · Jack Elsom ·

LABOUR’S new betting tax hikes have forced Betfred to pull sponsorship of the British Classics horseracing events. The industry giant blamed the “sad” decision on John Healey’s increase to Machine …

LABOUR’S new betting tax hikes have forced Betfred to pull sponsorship of the British Classics horseracing events.

The industry giant blamed the “sad” decision on John Healey’s increase to Machine Games Duty in last week’s Budget.

The Chancellor raised the levy from 20 to 25 per cent to fund cost of living handouts for 20 million families.

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