I am one of over 100 Labour MPs who have signed this joint letter from Dr Beccy Cooper MP and Alex Ballinger MP asking the Chancellor to consider a targeted levy on “harmful online gambling products” with this money used to address child poverty.
There is growing evidence of significant harm caused by online gambling products and it is therefore important that the Government considers the levy as part of the response to this public health challenge as well as fiscal challenges.
The letter does not advocate for an increase in betting duty for the horse racing sector. In our constituency we have Bangor on Dee Racecourse as well as Chester Racecourse nearby, which provide important local jobs. Furthermore, if taxes on horseracing were increased then those wanting to bet might move on to more harmful gambling products.
Tackling child poverty needs a wide ranging approach and targeted long term investment.
Letter to the Chancellor - Gambling Tax & Child Poverty