Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Economy

Anti-addiction campaigners applaud mandatory gambling tax and restrictions on stakes

by
November 27, 2024
in Economy, Investing
0
Anti-addiction campaigners applaud mandatory gambling tax and restrictions on stakes
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Over 430,000 individuals in the UK are believed to suffer from gambling addiction, according to recent statistics. Among these is David Bradford, a 68-year-old accountant who, on the surface, appeared to have a stable job, financial security, and a normal family life. However, in April 2014, Bradford shocked his family when he announced that he would be attending court the following day. Despite his reassurances that it was work-related and not a cause for concern, he did not return home and was later revealed to have been sentenced to two years in prison.

With no explanation left by Bradford, his family was left to piece together the situation. His son, Adam, described it as a “nightmare,” as they were forced to not only deal with the emotional fallout but also the financial turmoil left behind by Bradford. It was discovered that he had accumulated almost £500,000 in debt through loans, remortgaging their home, unpaid bills, credit card debt, and payday loans. It was later revealed that Bradford had been struggling with a gambling addiction for over 30 years, starting with arcade and fruit machines and eventually escalating to Fixed Odds Betting Terminals and online gambling, costing him over £40,000 per year.

Since his father’s imprisonment, Adam has been tirelessly campaigning for change in the gambling industry. Now, after 10 years of advocacy, the father-son duo has finally made an impact. In a Government announcement today, a statutory levy of £100 million will be introduced to fund treatment and research for gambling addiction. Additionally, the amount that can be spent on online slots for adults will be limited to £5, and for young people, £2 per spin.

Adam expressed his satisfaction with the measures, stating, “For too long, gambling companies have taken advantage of the most vulnerable people in society, and been allowed by successive governments to get away with it. These new measures will have a very positive impact on the outcomes for those struggling with gambling, and they are long overdue.” He also emphasized the need for continued efforts to combat gambling addiction, as it disproportionately affects the most vulnerable members of society. “We are not saying gambling should be completely prohibited,” Adam clarified, “but it is high time that the addiction was given the attention it deserves.”

ShareTweetPin

Related Posts

Chevron CFO reveals why gas prices are stuck 
Investing

Chevron CFO reveals why gas prices are stuck 

June 29, 2026
Apple’s AI problem hits loyal customers, and iPhone could be next
Investing

Apple’s AI problem hits loyal customers, and iPhone could be next

June 29, 2026
A former prison now welcomes guests as luxury hotel
Investing

A former prison now welcomes guests as luxury hotel

June 29, 2026
The fuel crisis just exposed a major problem with green aviation
Investing

The fuel crisis just exposed a major problem with green aviation

June 29, 2026
Michael Burry just made a rare bullish bet on Big Tech
Investing

Michael Burry just made a rare bullish bet on Big Tech

June 29, 2026
Nvidia (NVDA) price prediction 2026, 2028, 2030: $250 to…
Economy

Nvidia (NVDA) price prediction 2026, 2028, 2030: $250 to…

June 29, 2026
Next Post
Tractor Tax Could Affect Five Times More Farmers Than Government Claims, Expert Warns

Tractor Tax Could Affect Five Times More Farmers Than Government Claims, Expert Warns

Recommended

Now’s your chance to find your dream property in Cebu! See you at the Lamudi Property Fair from Aug. 16 to 18

Now’s your chance to find your dream property in Cebu! See you at the Lamudi Property Fair from Aug. 16 to 18

August 12, 2024
Budget in line with gov’t agenda

Budget in line with gov’t agenda

September 24, 2024
Operational Update

Operational Update

June 4, 2025
Bonnie Blue Australian Visa May Get Canceled?

Bonnie Blue Australian Visa May Get Canceled?

November 26, 2024
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

March 26, 2025
[B-SIDE Podcast] Technology’s healing potential: discussing the promise of medical innovations

[B-SIDE Podcast] Technology’s healing potential: discussing the promise of medical innovations

September 16, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Chevron CFO reveals why gas prices are stuck 

    Chevron CFO reveals why gas prices are stuck 

    June 29, 2026
    Apple’s AI problem hits loyal customers, and iPhone could be next

    Apple’s AI problem hits loyal customers, and iPhone could be next

    June 29, 2026
    A former prison now welcomes guests as luxury hotel

    A former prison now welcomes guests as luxury hotel

    June 29, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved