Betfred to cut 600 jobs: Gambling giant blames Labour tax hikes for decision to shutter 132 shops

Betfred chief executive Jo Whittaker said high costs had made it 'impossible' to keep the shops open.

Betfred ahas announced significant job cuts following gambling tax hikes

MAJOR gambling firm Betfred has said it plans to shut 132 shops and cut 600 jobs from September following Labour's tax hikes. The high street bookmakers told employees this morning that it was cutting just over 10 per cent of its total betting shops. The move will leave Betfred with around 1,100 shops across the...

The company said it has launched a consultation over the closures, which will hit more than a tenth of its betting shops.

The company said it has launched a consultation over the closures, which will hit more than a tenth of its betting shops.

Betfred plans to cut more than 600 jobs and close 132 shops across the UK.

Betfred chief executive Jo Whittaker said high costs had made it 'impossible' to keep the shops open.

One of Britain’s biggest high street bookmakers is to axe hundreds of jobs as it prepares to close more than 130 shops amid a deepening tax raid on the industry.