Future of Horseracing

Nadhim Zahawi Excerpts

Wednesday 25th October 2023 Westminster Hall

[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.

[Nadhim Zahawi (Stratford-on-Avon) (Con)]

Of course, Stratford-on-Avon racecourse is one such racecourse that has been adversely impacted. I would really welcome the Minister being cognisant of the fact that there is a problem here, when his Department and the Gambling Commission seem to be peddling what I would only describe as drivel about affordability checks being frictionless or racing not being damaged. Clearly, there is damage being done. On the point about how we support racing globally, there is a straightforward lever that we can pull now on the overseas element of the levy—on bets placed here on overseas racing. It is a no-brainer that we should get that done. I think the right hon. Member promised it back in 2018, and it should happen now.

[Matt Hancock]

I feel very strongly about this subject, not only because I represent Newmarket but because I had the joy of riding in races at Newmarket. I was the first MP in modern times to win a horserace at Newmarket in 2012. Since then, my hon. Friend the Member for Hexham (Guy Opperman), who has been an incredible advocate for horseracing and does jumps, which are much harder, has also ridden winners. He always sends me a photograph of him at the winning post. The Minister should note that the fact that another Minister has turned up to support this debate, even though he cannot speak—[Interruption]—although he can cough—shows the strength of feeling on this issue.

I feel incredibly strongly about this; it is personal to me. It is personal to me for two reasons. First, I represent Newmarket and love the sport; and secondly, I have personally participated. I underwent a weight-loss programme almost as exaggerated as that of the former Chancellor, who has just spoken, my right hon. Friend the Member for Stratford-on-Avon (Nadhim Zahawi), in order to do that.

Three things need to happen. The first is the levy reform that I promised as Culture Secretary in 2018.