General Betting
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14 Oct 10
15:51
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Date Joined:
26 Sep 08
The way the Horserace Betting Levy is determined looks set to change following the announcement that 19 out of 55 Government quangos are to be abolished or reformed.
Jeremy Hunt, the secretary of state for Culture, Olympics, Media and Sport, believes there is no longer any need for any political involvement.
A statement released from the DCMS said: "We plan to remove the role of the secretary of state from determining the Levy scheme to give the body greater independence and help further to reduce Government involvement in horseracing.
"What will we put in its place? That's yet to be decided.
"Ministers will discuss the options with the Levy Board and the Racing and Betting industries with a view to ensuring the funding for racing is fair and collected from as broad a base as possible.
"An announcement will be made on all this in due course."
Jeremy Hunt, the secretary of state for Culture, Olympics, Media and Sport, believes there is no longer any need for any political involvement.
A statement released from the DCMS said: "We plan to remove the role of the secretary of state from determining the Levy scheme to give the body greater independence and help further to reduce Government involvement in horseracing.
"What will we put in its place? That's yet to be decided.
"Ministers will discuss the options with the Levy Board and the Racing and Betting industries with a view to ensuring the funding for racing is fair and collected from as broad a base as possible.
"An announcement will be made on all this in due course."
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