Articles About George Osborne

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Could Ruth Davidson be a good bet for next Tory leader?

Could Ruth Davidson be a good bet for next Tory leader?

david June 22, 2016 10:02:49

Announcing herself on a grand political stage, Ruth Davidson proved herself to be a formidable politician, leading many to wonder whether she could be a good bet for next Tory leader. After her impressive showing in Tuesday’s Referendum debate, Ruth Davidson will have introduced herself to the British public. She is already well known in […]

UK Chancellor Reveals Project for Online Betting Operators to Pay More

UK Chancellor Reveals Project for Online Betting Operators to Pay More

Phyllis F. March 20, 2015 13:26:53

Implementing Racing Right to British racing could be the best solution to secure the long-term prosperity of the sport. UK Chancellor, George Osborne used the opportunity during the 2015 Budget speech to reveal plans to implement a new Racing Right. This would see bookmakers paying for the right to accept bets on British racing under […]

HM Treasury Initiates Call For Information Regarding Digital Currencies

HM Treasury Initiates Call For Information Regarding Digital Currencies

Toni November 5, 2014 23:02:42

In efforts to support the need for improved payment methods, government officials have decided to take action by making the necessary steps to ensure everything goes to plan. Britain’s esteemed HM Treasury has launched a Call for Information (CFI) to explore all the angles, including risks and benefits of digital currencies. Andrea Leadsom MP and […]

Opinion: Government Scapegoating of Sportsbooks in the UK is Politics at its Worst

Opinion: Government Scapegoating of Sportsbooks in the UK is Politics at its Worst

August 2, 2014 12:55:52

Politicians are resorting to unrestrained attacks on easy targets like bookmakers rather than offering real solutions to problems. In Britain democratic politics have fallen on hard times. Voters are either apathetic or angry, facing disappointing economic prospects and having little-to-no faith that elected leaders will be responsive to their needs. On the other hand, politicians […]

2 Major Changes Caused by New UK Gambling Laws and 2 Things That Have Stayed the Same

2 Major Changes Caused by New UK Gambling Laws and 2 Things That Have Stayed the Same

June 9, 2014 07:49:13

2014 has been a crucial year for the British gambling industry with the introduction of new regulations and taxes. Some things have changed drastically. Others, not so much. 2014 has been a big year for Britain’s massive gambling industry. Britons love to gamble, and for the most part the government prefers to regulate rather than […]

Paddy Power Bites Back Against New Betting Shop Restrictions

Paddy Power Bites Back Against New Betting Shop Restrictions

April 30, 2014 17:28:02

While some bookies stand to benefit from new gambling laws, Paddy Power isn’t one of them. Recent changes to UK gambling laws have handed local authorities more power to regulate the opening of new betting shops. Business applications will come under scrutiny and public officials will be asked to prevent the “clustering” of shops. In […]

Labor Unions Bemoan Closure of UK Betting Shops

Labor Unions Bemoan Closure of UK Betting Shops

April 28, 2014 17:10:14

Labor as well as bookmaking industry leaders warning the government of the cost of FOBT tax hikes. With George Osborne’s increased tax on fixed-odds betting terminals (FOBTs) estimated to cost the bookmaking industry roughly GBP 70 million annually, countless UK betting shops are set to close. William Hill alone will close 109 locations and leave […]

Winners and Losers: An Overview of the New UK Gambling Bill and Budget

Winners and Losers: An Overview of the New UK Gambling Bill and Budget

April 2, 2014 14:44:11

March marked big changes for gambling in Britain; both the new gambling bill and the budget have major implications for the future of the industry. The Labour government under Gordon Brown passed sweeping gambling legislation in 2005 which greatly liberalized the industry. Large casinos and fixed-odds betting terminals (FOBTs) were legalized for the first time. […]

You Can Teach an Old Dog New Tricks: The Folks at Ladbrokes

You Can Teach an Old Dog New Tricks: The Folks at Ladbrokes

March 28, 2014 18:20:53

Ladbrokes cuts major deal with Playtech in the hope of saving itself after years of clinging to an outdated business model. Operating a chain of betting shops these days is like using a type writer: it has nostalgia appeal, but from a practical standpoint it just doesn’t make any sense. Most of the money to […]

Ladbrokes Scrambles to Improve Online Offering

Ladbrokes Scrambles to Improve Online Offering

March 27, 2014 16:28:24

High Street bookie struggles to keep up in a swiftly changing market. If there was ever a year for Ladbrokes to expand its operations in the iGaming sphere, that year is 2014. The old High Street bookie’s online offering doesn’t rival that of competitors William Hill, BetVictor and Bet365, which now operate the most lucrative […]

Bookies Can Profit From the Tax Hike on FOBTs in the Long-run

Bookies Can Profit From the Tax Hike on FOBTs in the Long-run

Alex Nevsky March 26, 2014 18:03:32

Some experts see the hike in FOBTs taxes as a good thing for the bookies in the long-run. The United Kingdom Treasury may have altered British gambling laws imposing heavier taxes on the bookies’ FOBTs. However, George Osborne opined that this may serve to the sportsbooks’ advantage in the long run. When the Treasury has […]

British Chancellor Takes Betting Machine Maker on Trade Mission

British Chancellor Takes Betting Machine Maker on Trade Mission

Monica E. January 13, 2014 15:20:46

While Government claims FOBTs are “a problem”, chancellor Osborne takes betting tycoon on trade mission. While Britain’s struggling to put an end to the social problems caused by fixed odds betting terminals (FOBTs), chancellor George Osborne adds fuel to the fire by inviting betting tycoon Luke Alvarez on a trade mission. Along with 19 other […]