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In this video, we break down the shocking warning from betting giant Betfred that it could be forced to close all of its UK high street shops. Chancellor Rachel Reeves is considering a major tax hike on the gambling industry in the upcoming Autumn Budget, a move Betfred's chairman calls the "biggest threat" he's seen in 57 years . We delve into the details: what these tax changes could be, why the government is proposing them, and what it means for the 7,500 jobs at risk . We also explore the fierce debate this has sparked. The government and think tanks like the IPPR argue it's about making the industry "pay its fair share" and addressing gambling harms, while bookmakers warn it will simply push punters to unregulated offshore websites and "decimate" the British high street even further . This isn't just a story about betting; it's a story about the future of our town centres, thousands of livelihoods, and a major government decision. Stick with us to understand the high-stakes game being played between the Treasury and the gambling industry. #betfred , #RachelReeves, #AutumnBudget, #UKBudget2025, #GamblingTax, #BettingShops, #HighStreetCrisis, #UKJobs, #CostOfLivingCrisis, #UKPolitics, #LabourGovernment, #News, #BusinessNews, #IPPR, #FredDone, #BetfredClosures, #UKEconomy, #RetailApocalypse, #WilliamHill, #PaddyPower, #FinanceNews, #TaxHike, #UKGambling, #BreakingNews, #Money, #CostCrisis, #Unemployment, #UKNews, #BritishBusiness