Today news
About the same in other media
Gambling companies feed on addiction and misery. Why are MPs helping them?
Reading now: 729
The Blair government’s 2005 liberalisation of gambling laws was intended to be a two-sided deal. Regulation of gambling firms would be overhauled and liberalised, and in return they would operate as businesses within the UK, pay tax and be subject to domestic regulation. The gambling firms had other ideas, and moved offshore anyway – where they set up in tax havens like Gibraltar and the Isle of Man.
The Gambling Act might have been intended to turn Britain into the gambling hub of Europe, but it succeeded only in making us a leader in the amount of money we lose. We continue to export billions to gambling operators offshore, and with it jobs and corporation tax revenue. We then effectively import the cost of gambling harm, which Public
Read more on theguardian.comAbout this in other media
‘People expect cheap food, drink and accommodation – that horse has bolted’: a hotelier on life without EU workers theguardian.com /2 years ago
UK and EU must ‘knuckle down’ on Brexit agreement, says Irish PM theguardian.com /2 years ago
BVI premier denies islands are corrupt and praises Geoffrey Cox theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
