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Lord Soames of Fletching (Con)

Speaking in the House of Lords on 29 July 2024

Debate

Horseracing and Bloodstock Industries

Contribution

My Lords, I declare my interest as in the register. While we all want to tackle problem gambling, very wealthy punters who can comfortably sustain large losses really are not the issue. However, by driving them to the black market with poorly targeted affordability checks, the finances of racing have, as the Minister has heard, gravely damaged both a major national sport and an important rural industry. Will she make sure that any regulatory action proposed by the Gambling Commission is sensible and proportionate and, above all, avoids unintentional consequences?

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