Labour MPs urge Reeves to raise gambling taxes to fund child support
More than 100 Labour MPs have backed a petition asking Chancellor Rachel Reeves to increase taxes on gambling companies, reportedly to help fund changes to the two-child limit on benefits. Supporters estimate a levy could raise GBP 3 billion and potentially lift about half a million children out of poverty; the Betting and Gaming Council warned that higher taxes could damage jobs and investment and strengthen the unregulated market.
A proposed tax increase could affect operators’ costs and the regulated market, while the petition links revenue to benefit policy.