BGC reaches out to Chancellor with new plans
Rishi Sunak, the Chancellor of the Exchequer, will be declaring the 2021 Spring Budget on the 3rd of March. The Betting and Gaming Council (BGC) initially reached out to Sunak voicing its concerns and worry over the long-lasting impact of the COVID-19 pandemic, and laid out a proposal for a five-point strategy that will aid in keeping businesses going in the industry.
In this proposal, it was mentioned that one of the main points is to extend the business rates relief that was first brought about in March of last year, when the pandemic first spread like wildfire. The relief package didn’t include gambling businesses at first, but the BGC later urged these businesses to be added, and so they were. Furthermore, the new strategies incorporate asking the Welsh and Scottish governments to also make their own such strategies and plans for business recovery.
Shifting the focus on England, as of now betting shops will be allowed to open on April 12th with some other non-essential businesses and shops. Casinos will be resuming activity on May 17th.
On the 10th of April, the Grand National will be occurring and until now, many have asked for the early re-opening of betting shops, or the postponement of the event until betting shops resume activity once more.
Michael Dugher, chief executive of BGC, said:
It is our hope that the forthcoming Budget will be a springboard to recovery as the country begins to emerge from the COVID-19, unlocking the potential of our high street businesses to return to growth and job creation.