Friday, November 16, 2018
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Tag: Budget

Hammond not budging on FOBT issue

Philip Hammond, budget, fobt
Following the recent budget, chancellor Philip Hammond has come in for criticism for postponing a cut to the maximum stakes for fixed odds betting terminals (FOBTs) from May next year to October 2019. The controversy prompted the resignation of sports minister Tracey Crouch, who reportedly believes that party colleagues, including pro-gambling MP Philip Davies, went over her head to secure...

Minister on brink of quitting over FOBT stake delay

FOBT stake reduction
Tracey Crouch, the Sports & Civil Society Minister, is understood to be considering her position after the Treasury announced a six month delay in the reduction of stakes on fixed odds betting terminals. The Government had previously agreed to slash the stakes on fobts, but the recent budget announced that a reduction will be delayed by six months until October...

GambleAware announce two-year £32m budget thanks to “bad behaviour”, but who pays next time?

Board room
With its coffers swollen by ‘regulatory settlements’, GambleAware has announced a £32m budget and a major acceleration in the delivery of its programme for 2018- 20. But who will pay next time, and how? GambleAware has doubled its budget and will spend £32m tackling gambling-related harms over the next two years. Details revealed in the charity’s new Strategic Delivery Plan for...

Support British pubs, public tells government ahead of Budget

Coinslot - Pubs Brexit public
  A YouGov poll has reported huge public support to help brewers and pubs in this week’s Budget.   More than half of respondents (54 percent) said they wanted the government to take action to support the brewing industry, outnumbering those not in favour by two to one (24 percent). The British Beer and Pub Association (BBPA) commissioned the poll, as part...

Wetherspoon’s Tim Martin: “A budget for dinner parties”

Coinslot - Wetherspoon Tim Martin budget
Wetherspoons chief executive, Tim Martin, took the opportunity granted by the release of the pubco’s financial results to give his, less than positive, thoughts on the Chancellor’s recent budget speech.   The biggest danger to the pub industry is the continuing tax disparity between supermarkets and pubs, in respect of VAT and business rates. As previously indicated, we understand the need for...