Fred Done
Fred Done is the co-founder and chairman of Betfred, a prominent UK betting company established in 1967. As a billionaire businessman, Done has expressed concerns that potential tax hikes on gambling firms proposed by Chancellor Rachel Reeves could lead to the closure of all 1,287 Betfred shops, jeopardizing 7,500 jobs in the process. He argues that such tax increases represent the greatest threat to the gambling industry he has witnessed in his 57 years in the business.
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Fred Done, co-founder and chairman of Betfred, warned that tax increases could lead to the closure of his shops and job losses.
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