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Betfred warns of closures over tax hike
Betfred warns 1,287 shops and 7,500 jobs are at risk if gambling taxes rise.
All 1,287 Betfred shops could disappear from the UK High Street if Chancellor Rachel Reeves hikes taxes on gambling firms, the company's co-founder and chairman has told the 蜜芽传媒.
Fred Done, who set up Betfred in 1967 with his brother, said a closure of that size would put 7,500 jobs at risk.
The billionaire businessman said tax rises were the "biggest threat" to the industry in his 57 years. It echoes similar warnings from other gambling brands.
