Shares in British gambling companies have dropped sharply, reducing the stock market value of large operators by more than £2bn, after the Guardian reported that Treasury officials could tap the sector for between £900m and £3bn in extra taxes.
The chancellor, Rachel Reeves, has come under pressure from two influential thinktanks to raise taxes on the industry, as she pulls every available lever to plug a £22bn “black hole” in the nation’s finances.
