Betting firms 'scaremongering' over tax rises, say MPs

MPs criticize betting firms for 'scaremongering' over tax increases on online gambling, pushing for fair taxation as online gaming accounts for nearly half of industry revenue. The Treasury committee report emphasizes the potential harm of online betting, rejecting claims that gambling has no negative social impact. Chancellor Rachel Reeves supports taxing gambling companies more fairly, with a quarter of Labour MPs advocating for increased taxes to benefit families.