The UK gambling industry is relieved

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The UK gambling industry is relieved after the recent budget announcement did not include a proposed 100% tax hike. Although there were expectations for significant tax increases due to recommendations from think tanks, Chancellor Rachel Reeves made no mention of the gambling sector. However, plans to streamline taxation for remote gambling are set for consultation next year, aiming to simplify the current three-tax structure. The industry is optimistic about negotiations with the government moving forward.