Richard Caborn, the Sports Minister, is an engaging chap; it’s impossible to dislike him. However, I must say that I have huge misgivings about his latest project, which is to make Britain a “world leader” in online gambling.
At present, about 70 online sports betting sites are based in the UK, but there are currently no sites offering games such as blackjack, poker and roulette. These are mostly based in offshore tax havens, including Gibraltar, Antigua and Costa Rica.
The United States recently banned online gaming, leading to a collapse in the share prices of many gaming companies.
The Government clearly sees the US move as an opportunity to cash in, promoting the UK as a tight regulatory environment, offering a higher degree of player protection than is available in other jurisdictions.
Today, Caborn and his boss, Tessa Jowell, made it pretty clear that the Government would offer also tax advantages to online gaming companies to attract them to the UK.
“You can either tax them in, or tax them out," he said.
I am far from sure that the Government’s plans are, overall, for the good of the people of this country. Yes, they will bring some employment and additional tax revenue – possibly a lot of tax revenue to Britain. They will, however, almost certainly add to the growing problem of gambling addiction, which already causes such misery through debt and family breakdown.
The growth of the internet has brought huge benefits but also great evils. It is now possible to sit in the comfort of your own home and lose your life savings, very quickly and efficiently. I do not feel that we should strive to make this process any easier.
There was a time when this country had higher aspirations; now it seems that the pinnacle of our Government's ambitions is to turn the UK into the biggest casino in the world.
At present, about 70 online sports betting sites are based in the UK, but there are currently no sites offering games such as blackjack, poker and roulette. These are mostly based in offshore tax havens, including Gibraltar, Antigua and Costa Rica.
The United States recently banned online gaming, leading to a collapse in the share prices of many gaming companies.
The Government clearly sees the US move as an opportunity to cash in, promoting the UK as a tight regulatory environment, offering a higher degree of player protection than is available in other jurisdictions.
Today, Caborn and his boss, Tessa Jowell, made it pretty clear that the Government would offer also tax advantages to online gaming companies to attract them to the UK.
“You can either tax them in, or tax them out," he said.
I am far from sure that the Government’s plans are, overall, for the good of the people of this country. Yes, they will bring some employment and additional tax revenue – possibly a lot of tax revenue to Britain. They will, however, almost certainly add to the growing problem of gambling addiction, which already causes such misery through debt and family breakdown.
The growth of the internet has brought huge benefits but also great evils. It is now possible to sit in the comfort of your own home and lose your life savings, very quickly and efficiently. I do not feel that we should strive to make this process any easier.
There was a time when this country had higher aspirations; now it seems that the pinnacle of our Government's ambitions is to turn the UK into the biggest casino in the world.