The Government recognise the significant contribution that racing makes to British sporting culture and, crucially, the economy. The review did not look at the horserace betting levy, but we are aware of the close relationship between racing and betting. Our assessment was set out in the White Paper—the impact on racing will be minimal in the context of its overall income—but we are reviewing the levy to ensure that racing continues to be appropriately funded.
I declare an interest, in that the wonderful Market Rasen racecourse is in my constituency. Does the Minister accept that there is an inextricable link between horse-racing and betting? Both give enormous pleasure to millions. Does the Minister agree that the sweeping blanket checks envisaged in the White Paper are neither advisable nor appropriate, and the nanny state is just harming the harmless punter taking a little flutter?
We took careful consideration of precisely that matter when we developed the White Paper. The financial risk checks outlined in that White Paper will be designed so that they are frictionless. The majority of people who enjoy a flutter and for whom it causes no harm whatsoever will not notice any difference, but hopefully this will identify much earlier on those who are getting into an area where this is causing harm, so that we can act fast. The racing industry can be assured that the Government are on its side.
Let’s have a tip from Jim Shannon.
If you take my tip, I am afraid you will be in trouble, Mr Speaker. I am not a gambler, but I do have a very active and vibrant horse sector in my constituency. There is racing at Maze and at Downpatrick. The sector is so important. Gambling, which sits alongside that, is also important for the horse-racing sector. Can the Minister assure me that whatever happens in relation to the gambling review, the horse sector will benefit, which will be to the benefit of my constituents in Strangford?
I am happy to say that we are mindful of the great contribution that horse-racing makes to this country’s economy, and it is followed throughout the world. We are doing the review into the levy. We are speaking to the industry and asking for its evidence, so that we can make a considered decision.