Paddy Power owner Flutter is to axe up to 1,400 jobs and blames Labour's gambling tax raid
Around 350 of the jobs will reportedly go at a Leeds hub near Rachel Reeves' constituency. As chancellor, she nearly doubled remote gaming duty from 21% to 40%. Flutter's UK and Ireland boss Kevin Harrington says the firm 'cannot fully absorb' a rise of that size, and some 240 roles are set to go in Dublin. Yet Chancellor John Healey is weighing a fresh slot-machine tax hike at next week's Budget.
Online sports betting duty is set to jump from 15% to 25% next April.
Flutter has already put 100 Paddy Power shops under review, with 400 jobs at risk.
Paddy Power founder Stewart Kenny accuses the industry of 'scaremongering' over jobs to dodge tax.
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The GuardianPaddy Power owner blames tax rises for plan to shed up to 1,400 jobsThe TelegraphPaddy Power owner to axe 1,400 jobs after Labour tax raidBBC News - BusinessPaddy Power-owner cuts 1,400 jobs and blames betting tax risesDaily MailPaddy Power owner axes 1,400 jobs blaming Labour's hikesLBCPaddy Power owner to axe 1,400 jobs after UK tax hikesThe IndependentPaddy Power owner Flutter unveils cuts to 1,400 jobs after UK gaming tax hikeCity A.M.Paddy Power owner to axe 1,400 jobs after Labour gambling tax raidGB NewsPaddy Power owner to cut 1,400 jobs after Labour's gambling tax hikeThe SunMassive blow as Paddy Power & Sky Bet owner cuts 1,400 jobs after tax hikes - The SunReutersBetting giant Flutter to cut up to 1,400 jobs to mitigate UK tax hike impactIrish TimesPaddy Power owner Flutter to axe 1,400 jobs in Dublin and LeedsIrish MirrorPaddy Power owner to cut 1,400 jobs across Ireland and the UK with Dublin workers hit here
