Chancellor Rachel Reeves ditched plans to hike the gambling tax on horse racing that would have cut punter's winnings and resulted in the loss of 40,000, according to industry experts The gambling tax on horse racing remains untuched (Image: AP)

Your Cheltenham cash will be safe, your National NAPs no longer taxed and your Ascot picks safe as The Daily Star campaign to save horse racing from a hefty tax hike has proved successful.

Racing chiefs were concerned Rachel Reeves would hike the levy on the sport of kings from 15% to 21% in today's Budget. However, after your Daily Star marched on Westminster alongside top jockeys Hollie Doyle, Tom Marquand and Oisin Murphy, the Chancellor confirmed the horse racing rate will not change.

It was not all good news though with taxes on

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