Summary
British horse racing will pause for a one-day strike to protest a proposed tax increase on betting, which could lead to job losses and financial issues for the industry. The strike is the first such event in the sport's history in the UK, reshuffling several races to other dates. The government aims to align taxes on online betting with other online gambling forms.
Key Facts
- British horse racing will not hold any races on a specific Wednesday due to a strike.
- The strike protests a proposed tax increase on betting which could impact the industry financially.
- Major races have been rescheduled to create a blank day for the strike.
- Industry leaders believe the tax increase might reduce betting on racing, affecting revenue and jobs.
- The current proposal could raise the tax rate from 15% to 21%, aligning it with other online gaming.
- Thousands of jobs and significant revenue are claimed to be at risk due to the potential tax increase.
- Horse racing is the second-biggest spectator sport in Britain, following football.
- Racing leaders plan to lobby MPs on the day of the strike to raise awareness and seek support.
