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Reading: Horse racing set to take unprecedented motion – with clear warning for Rachel Reeves
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Michigan Post > Blog > Business > Horse racing set to take unprecedented motion – with clear warning for Rachel Reeves
Business

Horse racing set to take unprecedented motion – with clear warning for Rachel Reeves

By Editorial Board Published September 9, 2025 6 Min Read
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Horse racing set to take unprecedented motion – with clear warning for Rachel Reeves

For Tom Marquand, taking a time without work racing is a “big deal”.

The self-employed jockey has had sooner or later’s relaxation in seven weeks crossing Europe, maximising earnings.

However all of British horse racing will fall silent on Wednesday for an unprecedented day of strike motion.

Shutting down is the game elevating the stakes with the federal government within the newest battleground over the price range.

There are dire financial warnings if proposals are superior to harmonise tax on playing on-line right into a single price. It might improve the 15% tax paid by bookmakers on racing bets on-line to the 21% paid by on-line casinos and video games.

The British Horse Racing Authority (BHA) has forecasts claiming greater than 2,750 jobs can be in danger within the first 12 months if the coverage is pursued – with a £330m income hit in 5 years.

Picture:
Tom Marquand using Service provider at Royal Ascot. Pic: Reuters

‘Every little thing will crumble’

“House owners must be profitable cash for races to have the ability to pay for horses’ repairs and coaching prices.

“It’s almost like taking a Jenga block out of the pile and not expecting it to fall down. Inevitably if you take out the base, the rest crumbles.

“And racing could be very a lot an instance of that. If the funding goes, the whole lot else crumbles round it as a result of it is such an vital a part of the game.”

The Treasury didn’t reply to a request for remark because the chancellor, Rachel Reeves, prepares to ship her price range on 26 November.

When racing shuts down on Wednesday – with 4 scheduled occasions rescheduled – the game will converge on Westminster to foyer for the tax hike to be scrapped.

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skynews reeves podcast 7010102

2:13

Why aren’t we listening to concerning the price range ‘black gap’?

‘We must be handled otherwise’

“This is an existential threat for the sport,” Brant Dunshea, the chief govt of the BHA, mentioned at Windsor Racecourse yesterday, justifying the necessity for particular therapy on taxation.

“Racecourses are often the focal point of local towns and communities across the country, as are the training facilities, the studs and breeding facilities across the country.

“So we might see it say that British racing is woven into our nationwide material. And for these causes, for all of the social advantages that we deliver to the nation, we must be handled otherwise.”

The Epsom Derby, which took place in July. Pic: Reuters

Picture:
The Epsom Derby, which befell in July. Pic: Reuters

‘We won’t hold this up’

The Betting and Playing Council has warned of pointless disruption to punters, and complained about how racing reached the choice to name off a day.

However the actuality of the racing business is felt by these up at daybreak day by day. A world that is very totally different from the world of on-line casinos.

Sarah Visitor has risen from steady lass to assistant coach over three many years and fears elevated price pressures.

“It’s a struggle, especially in the small yards,” she mentioned. “We’re really sort of noticing the hit. The owners are coming to us every day and say, why are we committing to this?

“And in the event you’re not holding the house owners eager about holding the horses in coaching, we won’t hold this up.”

John Berry, a trainer based in Newmarket and former mayor of the market town, has only made a profit once in 31 years. He complained the prize money is “very poor” by international standards with British racing “saved afloat” by worldwide funding.

The King and Queen visit Newmarket earlier this summer. Pic: Reuters

Picture:
The King and Queen go to Newmarket earlier this summer time. Pic: Reuters

“It’s been problematic for years,” he mentioned. “The worry is the change that might be about to be brought in by the government.”

That is why he’s behind the BHA’s marketing campaign – if not all of the messaging.

“It doesn’t help this phrase ‘Axe the Tax’,” he mentioned. “I can see why they’ve accomplished it as a result of within the period of brief consideration spans, folks like catchy slogans.

“But no one’s looking for tax to be axed. We’re just looking for things to stay as they are, rather than having the tax on betting raised by a significant sum, which would have a large and negative impact on racing’s already strained finances.”

Whereas the federal government has to steadiness the books, racing hopes the Treasury doesn’t gamble with their futures.

TAGGED:actionClearhorseRachelracingReevessetUnprecedentedwarning
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