Labour Minister Defends Tax Increase on Online Gambling
In response to criticism, Dan Tomlinson, the Exchequer Secretary, dismissed concerns about the recent tax hike on remote gambling. The move, part of Chancellor Rachel Reeves’ Budget plan, aims to boost public revenue by £1.1 billion by 2029/30. The remote gambling duty is set to rise from 21% to 40% starting April 2026.
While online betting faces tax increases, horse racing remains unaffected, and bingo halls received a positive shift by eliminating the 10% duty on the game. Tomlinson highlighted the safety and enjoyment of bingo as a social activity, contrasting it with the perceived risks of online gambling.
Tomlinson emphasized that Labour’s focus is not on curbing fun but rather on supporting various sectors. He highlighted the abolishment of bingo duty, protection for horse racing, and the freeze on fuel duty to aid families during the Christmas season. Additionally, he mentioned the upcoming energy bill reduction to further assist the public.
Acknowledging the social benefits of activities like bingo in combating loneliness, Tomlinson underscored the importance of supporting local businesses. He praised the increase in the minimum wage, anticipating positive impacts on local economies as workers have more disposable income.
Addressing concerns over business rates, Tomlinson assured extensive support for firms facing revaluation amid the pandemic recovery phase. Efforts are underway to balance the system by reducing rates for high street properties while imposing higher taxes on large online retailers.
The government’s commitment to backing high streets and hospitality drew attention amid disputes with pub landlords over tax rates. Tomlinson highlighted the role of Labour MPs in advocating for community support and emphasized the Budget’s measures to shield businesses from substantial valuation increases.