MP Hears of Concerns for Local Jobs Over New UK Gaming Tax
Friday, 20 July 2012
Banff & Buchan MP Eilidh Whiteford heard at first hand today local concerns
over the UK Government’s planned new gaming tax.
Speaking in
Peterhead, Eilidh Whiteford MP said:
“I was pleased for the opportunity to meet with the manager
of the Gala Bingo in Peterhead to discuss the UK Government’s plans to introduce
a tax on gaming machines.
“I have been left in no doubt at the enormous impact that this hefty tax will have on the viability of bingo halls and betting shops the length and breadth of the country.
“With the UK Government planning to set the inaugural rate of this tax at 20%, the profit margins of these high street shops will be squeezed to breaking point. These facilities create jobs in the local area, ensure economic activity in vibrant town centres and in some cases, are important social networks for the community. It is quite clear that this new tax will threaten the future of these stores.
“In tough economic times, the UK Government ought to be supporting businesses to create jobs and growth, rather than threatening their survival.”
“I have been left in no doubt at the enormous impact that this hefty tax will have on the viability of bingo halls and betting shops the length and breadth of the country.
“With the UK Government planning to set the inaugural rate of this tax at 20%, the profit margins of these high street shops will be squeezed to breaking point. These facilities create jobs in the local area, ensure economic activity in vibrant town centres and in some cases, are important social networks for the community. It is quite clear that this new tax will threaten the future of these stores.
“In tough economic times, the UK Government ought to be supporting businesses to create jobs and growth, rather than threatening their survival.”
