Racing Post Editor Tom Kerr breaks down the major implications of the gambling tax increases revealed by Chancellor Rachel Reeves as part of her 2025 budget. With new measures that could reshape the future of betting, Tom explores what today's announcement means for punters, bookmakers, and the entire racing industry.

What's discussed:

- Tom Kerr’s expert reaction to the 2025 budget

- The real impact of the government’s new taxes

- How the revised tax regime will affect punters

- What this means for the long-term sustainability of UK horse racing

- Industry insights you won’t hear anywhere else