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Horse racing faces fresh risk of ruin as Rachel Reeves mulls hiking taxes on betting

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Horse racing faces fresh risk of ruin as Rachel Reeves mulls hiking taxes on betting

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Horse racing faces fresh risk of ruin as Rachel Reeves mulls hiking taxes on betting

CHANCELLOR Rachel Reeves is considering a betting tax rise — placing the struggling racing industry at fresh risk of ruin.

The Treasury wants to lift the levy for punts on the gee-gees from 15 to 21 per cent to put in on a par with online gaming, slot machines and casinos.

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