Future of Horseracing

Edward Leigh Excerpts

Wednesday 25th October 2023 Westminster Hall

[Matt Hancock (West Suffolk) (Ind)]

I beg to move,

That this House has considered the future of horseracing.

It is a great pleasure to serve under your chairmanship, Mr Hosie, and to open this debate on the future of horseracing. As we can see by the sheer number of colleagues who have made the time to come today, it is an issue that affects the whole country, and there is a great deal that we need to do to secure the future of horseracing. That is why I was motivated to call this debate.

We all know that British horseracing is essential to this country’s culture, to our language and many of the idioms that we use, to our heritage, and of course to our economy. It means a huge amount to many, many people. Horseracing is the UK’s second-largest sport, in terms of those who watch it and those who go. It provides great joy and excitement. There are 5 million race-goers annually, with almost 100,000 jobs and more than £4 billion-worth of economic activity in the industry. That ultimately means jobs and pay for those who are employed in horseracing. For those on the Treasury Bench, there is more than £300 million in taxation, which I am sure would not go amiss.

There is also a global significance. British horseracing is the pre-eminent horseracing industry in the world, but it is also under significant challenge. Modern technology has improved British horseracing enormously, but ultimately it is the most ancient of sports. As with many other successful things, many places claim to be the first in the world to have horseracing: some in the Gulf, some in the downs of southern England, and also near Chester, where I grew up—there is a case for saying that the first known horserace, or at least the first on which there was betting, was held near Eaton. Of course, betting is integral to the sport of horseracing—I will come to that in a moment.

[Sir Edward Leigh (Gainsborough) (Con)]

My right hon. Friend mentions history, but we believe we have had racing since 1800 in Market Rasen, in my constituency. It depends crucially on betting. Lincolnshire people are sound, sensible and prudent people. The whole future of smaller racecourses such as Rasen is now being put in jeopardy by these affordability tests on betting. I hope my right hon. Friend will give a really powerful speech defending the industry.

[Matt Hancock]

I certainly intend to. My right hon. Friend will be the judge of whether I manage to give a powerful speech, but there is certainly a very powerful case for saying that there is a really serious policy error going on that we need to fix. It is having a really serious impact, especially on the mid-size and smaller racecourses.

I am lucky enough to represent Newmarket, in my West Suffolk constituency, which is home to two of the finest—in fact, the two finest—racecourses in the country. It is the global headquarters of flat racing, and it has grown over the 12 years that I have represented it. It is an incredibly important sport for the whole town, with more than 7,000 people in and around Newmarket employed directly and indirectly in horseracing. It generates over £250 million in my constituency, and obviously attracts thousands of others, positively impacting and supporting local businesses, the hospitality trade and the like. It is also integral to the town. The horses walk through town every morning on the way from the stables to the gallops. As my right hon. Friend suggests, I will speak about the problems that affordability checks have brought.