Would a gambling tax rise in the budget really shut shops and cost jobs?

The UK government is considering a significant increase in taxes on slot machines in high-street betting shops. This proposed rise in machine games duty from 20% to 40% could raise an additional £275m to £460m per year. If implemented, this tax hike could lead to betting shops shutting down and job losses, as the industry warns that increased costs would be unsustainable.

Why it matters

The UK government may not raise the gambling tax as much as expected, which could help the betting industry. This could lead to increased investor confidence in the sector.

Market impact

Transmission channels

Likely winners & losers

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