Tag Archives: Rishi Sunak

Smarkets: Boris hits lowest odds on 2022 premiership departure  

Boris Johnson’s premiership is ‘on the ropes’ as the PM faces mounting pressure from his party, the media and public to confess that he broke COVID national lockdown rules by attending a ‘bring your own booze’ party at Number 10 last May.  Monitoring Down Street developments, Smarkets Politics cites that PM Johnson has reached his shortest price of 1.70 (58% …

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Year in Review Part One: Gambling Act review commences and firms count the costs of 2020

As 2021 began, the UK betting sector was fixated with the onset of the review of the 2005 Gambling Act review, the outcomes of which would become clearer as the year progressed. The overhaul of the UK’s regulatory gambling regime did not just catch the eye of industry leaders, however, as Chancellor of the Exchequer Rishi Sunak voiced his concerns …

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BGC calls for casino support package in the event of further restrictions

The Betting and Gaming Council (BGC) has called on the UK government to consider the financial needs of casinos when drafting up any support packages, in the event of further restrictions. As the Omicron variant of COVID-19 continues to sweep across the UK, authorities have begun to implement new restrictions such as mandatory mask wearing in public shops, and Chancellor …

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Smarkets: North Shropshire shock sees odds spike on a Boris 2022 exit  

Last night’s surprise victory by the Liberal Democrats in the Conservative stronghold of North Shropshire has sent shockwaves across betting markets.   In the aftermath of the result, Smarkets reports that PM Boris Johnson is odds on (56%) to leave his premiership at some point in 2022, spiking up from 46% before the North Shropshire result. Of significance, the Lib Dem …

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Smarkets: North Shropshire toss-up is a judgement on Boris future as PM

UK Politics faces an end of year climax, as this Thursday the constituency of North Shropshire hosts its by-election, to replace former scandal-ridden MP Owen Paterson.  As the constituency heads to the polls, Smarkets has branded the Tory stronghold as ‘too close to call’ –  as the Conservative Party and Liberal Democrats are neck-and-neck at 50% and 49% respectively, to …

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Smarkets: Sunak Budget bluster frosty against 22% chance of recession

Smarkets Politics has registered a mixed reaction to the Autumn Budget statement, delivered by Chancellor Rishi Sunak. “Employment is up, investment is growing, public services are improving, public finances are stabilising, and wages are rising” – bellowed Sunak to the Commons, underlying the strengths of the UK economy recovering from COVID-19 pandemic. Yet, despite the Chancellor’s bluster, the latest politics …

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Michael Dugher calls on Chancellor to introduce ‘critical’ job-supporting budget

Michael Dugher, Chief Executive of the Betting and Gaming Council (BGC), has called on Chancellor of the Exchequer Rishi Sunak to introduce a ‘Budget for Jobs’ to the House of Commons on Wednesday. In a statement this morning, Dugher reiterated his long-held argument that the regulated betting and gaming industry is ‘ready, willing and able’ to assist the UK Treasury …

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Affordability checks rumoured to be sidelined as DCMS focuses on UKGC shake-up

Plans for the UK Gambling Commission (UKGC) to conduct advanced affordability checks as a result of the review of the UK’s betting and gaming regulations may be shelved due to the findings of the consultation, according to a report by The Telegraph. The enforcement of applied affordability checks on all UK gamblers wagering over £100 a month has been submitted …

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BGC praises relief focused Budget

The Betting and Gaming Council (BGC) has joined wider leisure and hospitality trade bodies in welcoming Chancellor Rishi Sunak’s COVID business support and economic measures.  This lunchtime’s Budget announcement saw the government extend its much-needed rates relief on highstreet retail and hospitality venues – a decision welcomed by the BGC on behalf of England’s betting shops. Also positively received was …

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UK Gambling PLCs take centre stage on Budget week

UK gambling will be at the forefront of global business headlines and further M&A speculation this week as its ‘big-three’ PLCs declare their end-of-year results having navigated the events of an unprecedented 2020.    Opening the FTSE bell on Tuesday 2 February, Flutter Entertainment will publish its 2020 financial results, with City and Wall Street eyes eager to gauge the …

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