Hunt angry over Levy talks breakdown 02/11/2010 |
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Jeremy Hunt, the Secretary of State for Culture, Olympics, Media and Sport, has expressed his disappointment over the failure of the racing and gambling industries to reach agreement over the 50th Levy scheme.
The Horserace Betting Levy Board and the Bookmakers' Committee concluded at 11.30pm on Sunday (October 31) night that there was no realistic possibility of coming to an agreement by the midnight deadline.
That means the scheme – which runs from April 1, 2011 to March 31, 2012 – will now have to be determined by Hunt.
"Frankly, the government should never be the last resort in an essentially commercial negotiation," Hunt said.
"We have therefore announced our intention to remove the role of the Secretary of State from determining the Levy scheme in future – and I hope this time will be the very last one that I have to be involved."
The decision on the Levy will be made by Hunt on the basis of advice from the minister for sport and the Olympics Hugh Robertson. A timetable will be announced in due course.
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