A wholesale plunder of local communities via casino-gaming took place and racing was content to sit on sidelines Has it really been almost a year since racing’s last bout of Budget-related anxiety? Apparently so, because having successfully persuaded Rachel Reeves to exempt racing from a (modest) hike in betting day in 2025, here we are again, nervously anticipating Wednesday’s budget amid warnings that John Healey could effectively sound the death-knell for high-street betting shops. Healey is widely expected to raise the rate of Machine Games Duty (MGD) in the budget, a move which could, according to some predictions, lead the closure of thousands of high-street shops with significant knock-on effects for racing’s income from off-course gambling. Continue reading...
Bookies fear budget hit but gaming machine self-harm killed off the old-fashioned shops
Source: The Guardian

Original reporting
The Guardian: read the full reportRelated stories
CNBC
Prediction market traders say an Anthropic IPO is near-certain this year after company filed with SEC
Anthropic on Monday filed its Form S-1 with the Securities and Exchange Commission.
CNBC
Trump DOJ unlawfully fired Epstein prosecutor Maurene Comey, judge rules
The judge ordered that Maurene Comey, the daughter of ex-FBI director James Comey, be retroactively reinstated to her job as an assistant U.S. attorney.

BBC Business2 outlets
Anthropic's blockbuster share listing - 5 surprising things we now know
Anthropic’s IPO prospectus is 355 pages and full of never before disclosed company information.
CNBC
Federal Reserve is likely to hold interest rates steady in October. Here's what that means for consumers
The Federal Reserve is expected to keep its overnight rate unchanged at the conclusion of its October meeting this week.
CNBC
Oil ticks lower as Saudi defense minister meets with Iran's president in Tehran to de-escalate
Investors are worried about the vulnerability of Saudi energy infrastructure and the risk of another disruption to production, refining or export facilities.
CNBC
J&J's potential 'game-changer' drug — plus, what Microsoft's mass buyouts mean
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.