Edward Leigh today pressed the government to do more to help protect Market Rasen Racecourse. Racing in Britain has suffered from the flight of betting companies. They move offshore in order to avoid the taxes and regulations imposed in Britain whilst still accepting online bets from consumers here, and on races held at Market Rasen Racecourse. This scandal has really hit racing which is partly funded by a levy on racing betting.
Edward Leigh, who is proud to be able to count Market Rasen Racecourse as part of his constituency, argued for a reduction in the overall level of tax on the betting industry. ‘We don’t want betting to go the same way as shipping – chased offshore by excessive taxation and regulation’ he argued in a debate on the future of Racing, in Parliament today.
Edward Leigh has always been firm in his belief that reducing taxation and regulation is the key to getting the economy going again, particularly when it comes to small and medium businesses like Market Rasen Racecourse.
Over the last eight years, I have been the chairman of the Public Accounts Committee, which is responsible for ensuring that your taxes are spent as efficiently as possible. I hope you will forgive me if I briefly share with you some grudges I have had about the way your taxes have been spent during this time. Read the rest of this entry »