Question to the Department for Digital, Culture, Media and Sport:
To ask Her Majesty's Government what assessment they have made of the finding of the study in the Nature Human Behaviour journal The association between gambling and financial, social and health outcomes in big financial data, published on 4 February, that increased gambling correlates with lower financial planning, missed mortgage payments, and increased bailiff interaction; and what assessment they have made of the potential for affordability checks in gambling to produce long-term secure financial outcomes for individuals.
The recently published study, ‘The association between gambling and financial, social and health outcomes in big financial data’, analysed banking transaction data and reported a correlation between higher rates of gambling spend as a proportion of outgoings and indicators of lower financial inclusion, wellbeing and healthiness. These correlations were generally strongest after the 75th percentile of spend levels. The analysis did not establish a causative link between gambling spend and the indicators identified.
The analysis also demonstrated a correlation between higher gambling spend and reduced spending on other amenities and leisure activities. It did not distinguish between electronic transactions made to online operators, and those made in local gambling premises, or look at gambling transactions involving cash. It is therefore not possible to assess the impact of online gambling on the local economy using this research.
The government has launched its Review of the Gambling Act 2005 with the publication of a Call for Evidence, and this will look at whether the right protections are in place to protect people who gamble online. We have called for evidence on the case for and against additional controls on online gambling accounts, and whether such controls should be based on affordability. The Gambling Commission’s Remote Customer Interaction consultation also called for evidence on the potential for enhanced requirements for online operators to conduct affordability checks to further protect consumers from harm. The deadline for submissions was 9 February, and the Commission is currently reviewing the evidence received.
1. Social and Economic Impact of the Gambling Industry
01/02/2020 - Inquiry: Social and Economic Impact of the Gambling Industry - Gambling Industry Committee
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Found: Disruptions and their Role in Addictive Online Gambling Behaviour
I have a Ph.D. degree
2. Social and Economic Impact of the Gambling Industry
31/03/2020 - Inquiry: Social and Economic Impact of the Gambling Industry - Gambling Industry Committee
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Found: leading UK based financial services group providing a wide range of banking and financial services, focused
Found: control, poorer working memory and decision-making, lower visual and auditory functioning, and a reward system
4. Traumatic brain injury: a potential cause of violent crime?
03/10/2019 - Her Majesty’s Prison and Probation Service
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Crime has significant human and economic costs.
Crime peaks in late
5. Rent payments and mortgage acceptance: Commons Debate Pack
18/10/2017 - Parliamentary Research
Found: Number CDP-0183, 18 October 2017 Rent Payments and Mortgage Acceptability By Timothy Edmonds Cassie
1. Financial Services Bill
14/04/2021 - Lords Chamber
1: the making of an order under section 22 of the Financial Services and Markets Act 2000, after this section - Speech Link
2: which the Government listened carefully, on 2 February following the publication of the Woolard Review - Speech Link
3: follow the Minister. In doing so, I declare my financial services interests as set out in the register - Speech Link
2. Creditworthiness Assessment Bill [HL]
11/05/2018 - Lords Chamber
1: guided by the advice of the Consumer Credit Association and I would like to justify the amendments by - Speech Link
3. Financial Services Bill
26/04/2021 - Commons Chamber
1: and Baroness Penn. As our first major piece of financial services legislation since leaving the EU, the - Speech Link
4. Gambling-related Harms
14/10/2021 - Lords Chamber
1: Government what assessment they have made of the report by Public Health England Gambling-related harms - Speech Link
2: declare my interests as a vice-chair of Peers for Gambling Reform. I thank Public Health England and all - Speech Link
5. Gambling-Related Harm
19/03/2019 - Westminster Hall
1: to move,That this House has considered gambling-related harm.It is nice to see you—a Portonian—in - Speech Link