Fixed-odds maximum bet should be cut, say MPs

Fixed-odds maximum bet should be cut, say MPs
 

There is an "overwhelming" case to reduce the maximum bet on fixed-odds betting terminals (FOBTs) from £100 to £2 per spin, a trio of MPs has said.
Government estimates suggest a £2 cap could lead to a £5.5bn loss in tax revenues over the next 10 years.
But MPs Iain Duncan Smith, Carolyn Harris and Ronnie Cowan said large tax gains were "highly questionable".
It comes during a consultation on FOBTs by the Department for Digital, Culture, Media and Sport.
'Widespread concerns' In a letter to Chancellor Philip Hammond - seen by the BBC's Victoria Derbyshire programme - the... read more

 
18 March 2018 in Business, Views: 51
Source: BBC
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