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UK gambling tax hikes may cost 40,000 jobs and £3.1B in economic output, industry warns.
Proposed UK gambling tax hikes, including a potential 25% rate on sports betting, could cost 40,000 jobs and reduce the economy by £3.1 billion, according to an EY report commissioned by the Betting and Gaming Council.
Industry leaders, including Michael Owen and Sir Andrew Lloyd Webber, warn the changes would devastate horse racing, harm pubs and local businesses, and push £8.4 billion in betting to illegal markets.
While some advocate for higher taxes to combat child poverty, opponents argue the revenue gains would be minimal and the economic and cultural costs too high.
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Los aumentos de impuestos al juego en el Reino Unido pueden costar 40,000 empleos y £3.1B en la producción económica, advierte la industria.