UK gambling escapes think tank tax increase

According to the Autumn Statement, the 2024 Budget will not impose any tax increases on gambling in the United Kingdom.

declared by the Chancellor, who this afternoon unveiled the first budget statement from a female chancellor in the United Kingdom and the first fiscal policies of the Labour Party in fourteen years.

Think tanks like the Social Market Foundation and the Institute for Public Policy Research recommended raising gambling taxes in the UK to the Treasury in the weeks preceding the Budget.

 

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The 2024 Budget in the United Kingdom will not include any tax increases on gambling, as confirmed in the Autumn Statement by the Chancellor. This announcement marks the first budget statement from a female Chancellor and represents the Labour Party's fiscal policies after fourteen years. Prior to the Budget, think tanks such as the Social Market Foundation and the Institute for Public Policy Research had suggested raising gambling taxes to bolster Treasury revenues.