Wonks Want Desperate Reeves to Double Bingo Taxes – Guido Fawkes

Wonks Want Desperate Reeves to Double Bingo Taxes

mdi-fullscreen

Multimillionaire Derek Webb has given Labour £1.3 million since the start of 2023 and he’s given £160,000 to the Social Market Foundation (SMF) – which describes itself as “independent”. Theo Bertram, an ex-spinner SpAd for Gordon Brown, now heads the SMF and advocates excise duty on gambling be doubled to 42%. Gordon Brown – yes, Gordon’s alive – wants to establish a new “poverty fund”. Which he hopes will take in another £9 billion from taxing us, banks, and gamblers even more…

Gordon’s policy paper was unsurprisingly backed enthusiastically by the Social Market Foundation. Do not be deceived into thinking that there is a genuine groundswell of approval for taxing punters, this is an anti-gambling campaign…

The SMF are leading the charge on taxing gambling, in fact they embrace nanny statism openly, advocating for taxes on any small joy which they see as a vice. Unfortunately as Rachel Reeves starts to run out of other people’s money to spend, she will be eagerly looking for new taxes…

Aveek Bhattachayra, formerly the SMF’s economist, transferred to the Treasury in March as Head of Excise. Coincidentally the Treasury has now begun a “consultation” on remote gambling. Labour is coming for your racing and online bingo…