Conservative councillors in Monmouthshire are calling on the UK Government to scrap proposed changes to the gambling tax regime that could have devastating consequences for Chepstow racecourse and the wider local economy.

The UK Government is considering harmonising gambling taxes, which would tax betting on horseracing in the same way as online slots and casino games. There are concerns the change will threaten the viability of racecourses such as Chepstow and put rural jobs at risk, including in the wider hospitality industry.

The councillors met at Chepstow racecourse to discuss the threat to the business and the wider impact it could have on stable staff, trainers as well as local hotels, pubs and small businesses.

The councillors have called on Monmouthshire’s MP to use her influence as Keir Starmer’s Parliamentary Private Secretary (PPS) to oppose the tax change and protect the future of horseracing in the county.

Cllr Richard John, Leader of the Conservative Group on Monmouthshire County Council, said, “Chepstow racecourse contributes millions to the local economy each year, supporting jobs in hospitality and tourism and these proposed tax changes will put those jobs at risk.

“Having a flutter at the races does not carry the harmful societal risks and addiction associated with online casino gambling, so should not be taxed in the same way.

“These proposed tax changes would have real-world consequences for jobs, businesses and livelihoods in Monmouthshire.

“To date, our MP has been silent on this matter but she needs to use her influence as Keir Starmer’s PPS to stand up for our residents and make the case to her colleagues to scrap this damaging proposal.

“Conservative councillors will continue to campaign to protect Chepstow racecourse and the many local businesses that depend on it.”

Cllr Christopher Edwards, ward member for St Kingsmark in Chepstow, said, “Residents and tourists alike recognise the valuable contribution that Chepstow Racecourse brings to the local economy.

“The Labour government needs to rethink this proposed tax increase which would cost the sport at least £66 million a year, threatening thousands of jobs; from stable staff and farriers to small-town hotels, B&B’s, local pubs, shops, cafes and tourist destinations.

“It would damage our local economy, reducing the number of regular visitors to Monmouthshire and harming a successful local business and venue, which supports major charitable and community events.

“I would hope that our MP, Catherine Fookes, listens to these concerns, speaks up for Chepstow Racecourse and persuades Keir Starmer and Rachel Reeves to withdraw this excessive proposed tax increase.”