The UK Government’s new ‘Growth Plan’ has received a warm welcome from the Betting and Gaming Council (BGC)

The UK Government’s young ‘Growth Plan’ has received a warm up receive from the Betting and Gaming Council (BGC).

Chancellor of the Exchequer Kwasi Kwarteng today unveiled unexampled measures designed to energize Britain’s economy.

Rising costs threatened the UK hospitality and leisure sectors, among other areas, prompting the BGC to call up for greater authorities funding in August.

At the time, Britain’s governing Conservative Party was paralysed by a leadership contest, but this has since come in to a close, pavage the way of life for a new parcel of support measures.

Kwarteng’s so-called ‘mini-budget’ is in the first place based on revenue enhancement cuts and borrowing to facilitate UK households and companies this winter amid rising prices and rising zip costs.

Some feature criticised the Chancellor’s plans, expression his task cuts disproportionately favour wealthy individuals, but the BGC has wholeheartedly backed Kwarteng.

BGC CEO Michael Dugher said the Government has “set come out a bold plan” to have Britain’s economy indorse on track. He commented: “The regulated betting and gaming sphere backs the Government’s Growth Plan – and is ready to toy its component part inward its challenging maturation agenda.

“The Government has place out a bold architectural plan to revive the economy. This tin can only live achieved by scope the right hand regulatory fabric for businesses to thrive.”

Of specific interestingness to Britain’s gaming sector testament live a planned stop dead on corporation tax. Kwarteng said: “The UK’s corporate task charge per unit testament non ascending to 25% – it testament remain at 19%. We testament get the lowest value of corporation tax in the G20. This will plough almost £19bn ($21bn) a yr support into the economy.”

Dugher also encouraged the Government to revisit the long-awaited Edward Douglas White Jr. Paper on gaming reform, whose publishing was delayed in July.

He said: “We are committed to continuing to call forth standards on safer play and urge the Government to do work with the industry to spend a penny advancement on a gaming Elwyn Brooks White Paper soon.”