sports betting Minister Tracey Crouch resigns over 'hold-up' to wagering crackdown
1 November 2018
sports betting minister Tracey Crouch has resigned over "hold-ups" to a crackdown on optimal stakes for fixed-odds wagering makers.
Chancellor Philip Hammond said in Monday's Budget that the cut in stakes from ₤ 100 to ₤ 2 would enter into force in October 2019.
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Ms Crouch stated pressing back the date was "unjustifiable" and it might cost the lives of problem gamblers.
She tweeted: "Politicians come and go however concepts remain with us permanently."
Prime Minister Theresa May stated she was dissatisfied Ms Crouch had resigned but there had been "no delay in advancing this essential step".
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High stakes for fixed-odds wagering machines
' I lost ₤ 250,000 on sports betting devices'
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stakes to be cut to ₤ 2
The federal government has rejected Labour claims that MPs had been led to believe the cut would enter into force at the start of the next tax year, in April 2019. They recommended the cut had been planned to be introduced in April 2020.
But in her resignation letter, Ms Crouch stated: "Unfortunately, execution of these changes are now being delayed until October 2019 due to dedications made by others to those with signed up interests.
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End of twitter post by Tracey Crouch
"From the time of the announcement to lower stakes and its application, over ₤ 1.6 bn will be lost on these makers.
"In addition, 2 people will tragically take their lives every day due to gambling-related problems and, for that reason as much as any other, I think this hold-up is unjustifiable."
She added: "It is a fact of federal government that ministers must follow cumulative duty and can not disagree with policy, let alone when it is policy made versus your dreams connecting to your own portfolio."
'God bless'
Among those applauding her on social networks, the Archbishop of Canterbury Justin Welby tweeted, external that she was "principled and courageous" including: "May God bless her dedication to doing right."
Former foreign secretary Boris Johnson tweeted, external that she "is worthy of substantial credit not simply for her campaign but for sticking up for her concepts".
Fixed-odds sports betting terminals create ₤ 1.8 bn in revenue a year for the sports betting market, according to the Gambling Commission, external, and taxes of ₤ 400m for the government.
Currently, people can wager as much as ₤ 100 every 20 seconds on electronic casino games such as live roulette. Anti-gambling advocates say the devices let players lose money too quickly, resulting in dependency and social, psychological and monetary issues.
But bookmakers have actually cautioned the cut in stakes might lead to thousands of outlets closing.
In her action to Ms Crouch, the PM said the federal government had listened to those who wanted the modifications to come into effect earlier than April 2020 and "had actually agreed that the modifications should remain in place within the year - by October 2019".
In his Budget on Monday, the chancellor said the change to fixed-odds stakes would come into force next October at the exact same time as changes to responsibility charged on gaming firms based abroad but operating in the UK.
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The government says co-ordinating the date of the 2 changes would mean the government would not be struck by a fall in tax earnings.
Who is Tracey Crouch?
The 43-year-old MP has represented Chatham and Aylesford, in Kent, given that 2010
She was promoted to the front bench as sports betting minister in 2015
She is known for her opposition to fox searching and her love of football - she is a competent FA coach
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Grade school educated at Folkestone School for Girls, she went on to get a degree in law and politics from Hull University
She had worked for different Tory MPs, consisting of Michael Howard and David Davis before meaning election
She had her first child in 2016 and is thought to have been the first Tory minister to take maternity leave
But in the Commons on Thursday, Labour's deputy leader Tom Watson implicated the federal government of "capitulating to the gambling industry".
He praised Ms Crouch's "brave and principled choice" and stated Culture Secretary Jeremy Wright "should be completely embarrassed" of prioritising "business interests over victims, revenues over public health and greed over excellent".
MPs from all sides of your home took part his criticism. Former Tory leader Iain Duncan Smith said it should be discussed as part of the Finance Bill later this month.
Week ahead in Parliament: The Finance Bill
He told the BBC: "There are lots of individuals whose lives have actually been harmed by this dependency ... We need to do this very rapidly, as rapidly as we can and in the meantime, the sports betting market will make about ₤ 1bn as an outcome of this hold-up. That's wrong."
Labour has actually informed the BBC that they will put down a modification to the Finance Bill to attempt and bring in the changes next April.
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Sports Minister Tracey Crouch Resigns over 'Hold-up' To Betting Crackdown
berniecebouldi edited this page 2024-12-31 04:18:02 +04:00