British racing to hold one-day strike in tax protest
Summary
British horse racing will stop for a day on September 10 to protest a planned tax increase on betting. The British Horseracing Authority is organizing the strike because they believe the tax change will harm the industry. The proposed tax would raise the rate from 15% to 21%, impacting horse racing revenues significantly.Key Facts
- Horse racing in Britain will halt on September 10 in protest of a proposed tax increase.
- The protest is part of the "Axe The Racing Tax" campaign.
- The British government plans to raise the betting tax from 15% to 21%.
- The British Horseracing Authority says this change could lead to a £330 million loss in revenue.
- The industry believes 2,752 jobs could be at risk in the first year due to the tax change.
- Race meetings in Britain usually happen 363 days a year.
- The strike occurs just before the St Leger festival in Doncaster.
- The rearranged race fixtures will take place on different days in September.
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