Sport of kings is downing tools on September 10 in protest at the Chancellor’s plan to increase racing duty from 15% to 21% which analysts say will cost the industry £330m and put 2,752 jobs at risk It will be the first strike in the history of the sport. (Image: Getty Images)

Bookies backed the national horseracing strike - saying Rachel Reeves ’ betting tax grab was odds-on to be a ‘loser for everyone’. ‌

The sport of kings is downing tools on September 10 in protest at the Chancellor’s plan to increase racing duty from 15% to 21%. ‌

Analysts say the tax hike will cost horseracing £330m and put 2,752 jobs at risk. ‌

As we reported yesterday the British Horseracing Authority has taken the ‘unprecedented decision’ to scrap racing for a day and instead lobby the Gove

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