UK MPs target Remote Gaming Duty to hasten FOBT stake cut

The UK government’s internal strife over when to cut the maximum stakes on fixed-odds betting terminals (FOBTs) ratcheted up on Monday as rogue Tories threatened to derail the new budget.

On Monday, habitual fame-whore, honorary fourth stooge and occasional Tory MP Boris Johnson added his name to the growing list of parliamentarians demanding that the government accelerate the timeline for reducing FOBT maximum stakes from their current £100 to £2.

Last month, Chancellor Philip Hammond introduced his Autumn Budget 2018, which made no mention of FOBTs but announced the government’s intention to hike the Remote Gaming Duty (online casino tax) from 15% to 21% as of October 1, 2019.

The RGD hike is intended to offset the decreased tax revenue from the FOBT stake cut, meaning both changes are to take effect at the same time. But many parliamentarians claim the original plan was to cut FOBT stakes by April 2019, which would suggest the stake cut is being delayed, a claim the government rejects.