Chancellor doesn't rule out raising gambling taxes after report said it could lift 500,000 children out of poverty

Gambling firms face tax hike as Reeves under pressure to end two-child benefits cap

The Chancellor is considering hiking taxes on the gambling industry in the Budget to raise money, as she came under pressure over rising levels of child poverty.It is understood Rachel Reeves is looking at how levies on the multibillion-pound industry could be toughened up in order to generate revenue for the government, having launched a review of taxes in the sector earlier this year. Former Prime Minister Gordon Brown suggested the money rais…

Reeves doesn't rule out raising ANOTHER tax in 'economically reckless' move

The Chancellor may be about to hike yet another tax, as she seeks to plug a hole in the nation's finances.

Chancellor doesn't rule out raising gambling taxes after report said it could lift 500,000 children out of poverty

Raising taxes on online casinos, as well as slots and gaming machines, could raise enough money to scrap the two-child benefit cap, a thinktank says.

Reeves leaves door open to gambling tax rise in autumn budget

The Chancellor said she was ‘deeply concerned’ about child poverty and the Government is taking evidence in a review of gambling taxes.

UK's Reeves leaves door open to gambling tax rise in autumn budget

Rachel Reeves left the door open to a rise in gambling taxes after Gordon Brown urged her to raise levies to cover the cos

Chancellor doesn't rule out raising gambling taxes after report said i

The chancellor has declined to rule out raising taxes on gambling after a thinktank said the move could raise £3.2bn for the public coffers and cover the cost of lifting 500,000 children out of poverty. According to the Institute for Public Policy Research (IPPR), hiking taxes on online casinos and slot machines could raise enough revenue to fund scrapping the two-child benefit cap, with the organisation arguing that there is “no other measure w…