Labour’s decision to increase taxes on online gambling has been defended by a senior government official. Dan Tomlinson, the Exchequer Secretary, dismissed criticisms of the tax hikes on remote gambling, emphasizing the projected £1.1 billion boost to public revenues by 2029/30. In the recent Budget announcement, Chancellor Rachel Reeves targeted online betting to address problem gambling, with remote gambling duty set to rise from 21% to 40% starting in April 2026.
While online gambling faced tax increases, horse racing was exempted, and bingo halls received a positive outcome with the removal of the 10% duty on the game. During a visit to BuzzBingo in Tooting, Mr. Tomlinson highlighted the safety and social aspect of bingo compared to online gambling, emphasizing the importance of protecting individuals from potential risks associated with remote gambling.
Contrary to claims that Labour is dampening fun, Mr. Tomlinson pointed out the abolition of bingo duty, support for horse racing, and the freezing of fuel duty for an additional six months. Additionally, initiatives such as reduced energy bills and a minimum wage increase were mentioned to alleviate financial burdens on families during the upcoming Christmas season.
Bingo was highlighted as a social activity that can combat loneliness, especially among older individuals living alone. Despite tax cuts, bingo operators are still facing challenges due to rising costs and competition, leading to a decline in the number of bingo halls.
The government’s efforts to support businesses include capping business rates for most establishments and providing over £4 billion in assistance to businesses experiencing significant bill increases over the next three years. A revaluation of the business rates system aims to balance the burden by reducing rates for high street properties and increasing taxes on online corporations with large warehouses.
The government’s commitment to backing high streets, pubs, and the hospitality sector was acknowledged, following tensions with pub landlords protesting tax rates by barring Labour MPs from their establishments. Mr. Tomlinson emphasized the importance of engaging with local businesses to address concerns and ensure ongoing support for the economy.
Overall, the government’s measures aim to strike a balance between supporting businesses, protecting communities, and promoting economic growth.