Shares in UK gambling firms fall £2bn amid talk of higher taxes in budget
by Rob Davies from on (#6REZZ)
Thinktank reports saying sector should be hit with extra 900m to 3bn in levies prompt market selloff
Shares in British gambling companies have dropped sharply, reducing the stock market value of large operators by more than 2bn, after the Guardian reported that Treasury officials could tap the sector for between 900m and 3bn in extra taxes.
The chancellor, Rachel Reeves, has come under pressure from two influential thinktanks to raise taxes on the industry, as she pulls every available lever to plug a 22bn black hole" in the nation's finances.
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