Horseracing

Sarah Dyke Excerpts

Thursday 24th October 2024 Westminster Hall

[Sarah Dyke (Glastonbury and Somerton) (LD)]

It is a pleasure to serve with you in the Chair, Sir Edward. I congratulate the hon. Member for West Suffolk (Nick Timothy) on securing this important debate.

Last week, I was lucky enough to attend the season opener at Wincanton races in my constituency. I found it hugely valuable to be there and discuss the issues of trainers, jockeys, owners and those watching the races alike. As the hon. Member said, the British horseracing industry is worth £4.1 billion a year to the UK economy, but most of that comes from mega-wealthy bettors who can afford to make substantial bets.

It is right that the Liberal Democrats have committed to implementing affordability checks, but it is vital that those checks protect vulnerable problem gamblers and their families, rather than deterring wealthy players, who help underpin the sport. One analysis shows that enhanced financial risk checks in horseracing, if implemented badly, could result in the sport losing £50 million a year. Similarly, a British Horseracing Authority survey suggests that 40% of bettors would turn to the black market if affordability checks were too stringent. Given that remote betting turnover, which accounts for at least 70% of all betting, continues to decline, the industry cannot afford to see that level of financial support just walk away. The Government must work with the industry to implement robust and frictionless affordability checks.

Racecourses, training yards and breeding operations are largely based in rural areas such as Wincanton and play an important economic role in those areas. Some 20,000 people are directly employed by the horseracing industry, and it supports another 65,000 jobs in supply chains. There is a real opportunity for the Government to ensure that local people in rural areas can access these jobs, by boosting the availability and take-up of apprenticeships and expanding higher vocational training. The lower apprentice rate should be scrapped to guarantee that everyone working in the horseracing industry receives at least the national minimum wage. That is particularly important in rural areas such as Glastonbury and Somerton, where people still typically need to spend an additional 10% to 20% more on everyday requirements than those in urban areas due to the rural premium.

We should not forget that horseracing also plays an important cultural and social role at the heart of rural communities such as mine. In Glastonbury and Somerton, charities such as Racing to School are doing valuable work to provide curriculum-based visits to Wincanton racecourse for local schools. A day at the races is also an important way for many in rural communities, including the elderly, to socialise. I urge the Government to strike a balance between protecting these vulnerable groups, tackling the harms of problem gambling and ensuring that people are not unduly deterred from the sport.

Coming from a farming family and having ridden horses for much of my life, I care deeply about the welfare of the horses at the heart of this industry. The UK has some of the highest welfare standards in the world, including in horseracing, but I fear that that may slip unless the Government take steps to address the domestic vet shortage. Half of vets leaving the industry have been in the profession for less than four years. Recruitment and retention are significantly more challenging in rural areas such as Glastonbury and Somerton.

To conclude, I urge the Government to work with the horseracing industry to introduce real safeguards and guardrails that support the progress that the industry has already made, such as the Betting and Gaming Council’s new voluntary code on consumer checks. The priority must always be to protect problem gamblers from being exploited by predatory gambling companies, rather than saddling the horseracing industry with tax rises to fix the financial mess left behind by the previous Conservative Government.