The Exchequer Secretary to the Treasury responded to the planned strikes by the British horseracing industry over speculated tax rises.
Exchequer Secretary to the Treasury, Dan Tomlinson, said: “The Chancellor has been clear that speculation on tax rises, which is what this is, is not only inaccurate, but also irresponsible.
“We have not announced an increase in the tax on horserace betting, and racecourse betting currently gets a 100% tax break which we have no plans to change. We know horseracing is part of the cultural fabric of the country, that’s why it’s the only sector that benefits from a government-mandated levy.
“Our wider gambling consultation is only about levelling the playing field and simplifying the system, and we are working closely with the industry to understand any potential impacts. We do not comment on speculation around future changes to tax policy.