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The Latest Breaking News from SMF

Racing celebrates ‘Axe the Tax’ Budget campaign victory after Reeves spares sport

Racing celebrated its ‘Axe the Tax’ Budget campaign victory on Wednesday after Rachel Reeves left the rate of duty on betting on the sport unchanged

The Guardian - UK

North Sea plan allows drilling while enabling Labour to keep ‘no new licences’ pledge

‘Tiebacks’ will permit small amount of new fossil fuel extraction, but campaigners want bolder strategy

The Guardian - UK

Will pay-per-mile raise Reeves money or drive people away from electric vehicles?

Need for new road taxes is clear – but there are concerns that pricing plan could stall transition away from petrol

The Guardian - UK

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How could Reeves hit gambling firms – and are they fearmongering over impact?

Chancellor is expected to increase duties bookies and casinos pay, ending months of speculation and lobbying

The Guardian - UK

MPs urge Reeves to raise gambling taxes despite ‘scaremongering’ from firms

Treasury select committee calls for higher duties on most addictive forms, such as high-street slots and online games

The Guardian - UK

Trainers’ chief backs radical alternative to government’s gambling tax plan

The National Trainers’ Federation gave its ‘full backing’ to proposals for a big rise in tax rates for operators of online casino games

The Guardian - UK

UK gambling industry launches summer charm offensive to head off tax rise

Exclusive: Lobbyists meet with ministers, and host a darts night with Labour advisers and MPs’ staff

The Guardian - UK

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Britons lacking good public transport more likely to feel lonely, UK study finds

Research finds correlation between car dependency and loneliness, particularly in rural towns

The Guardian - UK

Horse racing leaders break ranks to push for higher taxes on online casinos

Split in gambling lobby emerges as senior racing figures oppose level taxes and flag dangers of online casinos

The Guardian - UK

Areas receiving levelling-up funds show smaller Reform UK vote share, study finds

Analysis suggests prioritising projects that give quick local results may hold back support for populism

The Guardian - UK

Let’s not leave the baby-making debate to Musk and Vance – the left has a stake in this too

Rightwingers calling for higher birthrates may be disturbing, but having children is the ultimate gesture of confidence in the future for us all, says Guardian columnist Gaby Hinsliff

The Guardian - UK

Scotland can lead data centre boom – if UK brings in zonal pricing, tech giants say

A REPORT backed by tech giants has urged the UK Government to reform the energy market to encourage a data centre boom in Scotland ...

The National (Scotland)

Tech firms call for zonal electricity pricing in UK to fuel AI datacentres

Report urges ministers to overhaul market to increase rollout in areas that have ample power generation

The Guardian - UK

Rachel Reeves ‘missed opportunity’ to raise £900m from online casinos

Labour’s links to gambling industry questioned again after decision not to raise tax rate for online gaming

The Guardian - UK

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The Guardian - UK

Arena Racing CEO urges reform to save racing from gambling tax fallout

With the Treasury eyeing the gambling industry for additional tax revenue, arguments have increased on how best to bolstering British horse racing

The Guardian - UK

Shares in UK gambling firms fall £2bn amid talk of higher taxes in budget

Thinktank reports saying sector should be hit with extra £900m to £3bn in levies prompt market selloff

The Independent UK

UK urged to lead fightback against the global ‘fraudemic’

Fraud has become a global phenomenon and needs collective action, according to a report.

The Guardian - UK

Labour conference fringe event may be turning point for racing’s fortunes

Gambling minister’s speech could herald moment betting industry’s 25-year love affair with gaming turned sour

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The Guardian - UK

UK pump prices at three-year low as fuel duty hike looms

Labour expected to roll back Conservatives’ 5p duty cut in the autumn statement in first increase since 2011

The Guardian - UK

UK fuel duty cut is regressive policy that benefits the wealthy, study finds

Chancellor’s 5p freeze will save £60 a year for well-off motorists compared with just £22 for lower earners

The Guardian - UK

If taxing the rich is so fraught, maybe we need a rethink

The cost of government is rising, yet raising taxes is bad politics. From productivity to ‘degrowth’, the left ought to get behind the more radical approaches

The Guardian - UK

Disadvantaged students to bear brunt of grade deflation, say experts

Social Mobility Foundation says it expects GCSE and A-level attainment gap based on income to grow this year

Evening Standard

Brits are poorer than Americans because we spend more on worse homes, Social Market Foundation think tank says

The Social Market Foundation blamed “dysfunction in the UK housing market” for the difference

The Guardian - UK

The great British baby drought has a simple cause. And it’s not ‘cultural Marxism’

There’s no shortage of people who want more children. But under the Conservatives, parenthood is punished, says Guardian columnist Polly Toynbee

Wales Online

Police 'forced to turn to food banks' as officer left 'unable to heat home and feed child' due to poor pay

Call for 'fair play' for emergency workers as police tweet, 'This is unacceptable'

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