The election won’t bring any joy to the racing community – whatever the outcome

Whatever the outcome of the election on 12 December, it is unlikely to bring joy to the racing community. Conservatives and Labour are planning to review or replace the Gambling Act and they won’t be doing so intending to increase the amounts trousered by the bookmakers. Sadly, the way things have long been organised means it is the size of the gambling industry’s takings that determine how much filters down to finance the sport.