Offshore Gambling and the Horseracing Levy debate

Peter Aldous backs calls to end the racing levy but highlights the need to ensure that any alternative must be mandatory - especially as far as offshore business is concerned.

Peter Aldous (Waveney) (Con): I congratulate my hon. Friend on securing this debate. Does he agree that the levy is long past its sell-by date, that all parties should try to come together to find an alternative and that that alternative, as far as offshore business is concerned, must be mandatory, not voluntary?

Matthew Hancock: My hon. Friend makes some important points. A future for the levy built on funding that is not onshore will be a system built like a house without foundations. Unless we deal with the problem of gambling going offshore before we tackle the wider problems of the levy, which is a broken system, we will not be able to build a strong and sustainable future for racing in this country. Over the past few years, the levy has fallen from £110 million to £59 million last year. We were delighted when the Minister announced that this year’s levy would be between £75 million and £80 million, but now, halfway through the season, it looks as though the levy contributions will in fact be less than £60 million—lower than last year—and will be lower still next year. Crucially, that means that prize money in British races is falling fast.

The Renaissance of East Anglian Fisheries

Construction (Retention Deposit Schemes) Bill

Construction (Retention Deposit Schemes) Bill

Surgeries

Peter holds regular surgeries at various locations in the constituency. Please call 01502 586568 to make an appointment.

Next Surgeries - 2018: 
Lowestoft, Wednesday 8th August

 

 

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