Liberal Democrats in Parliament are backing a cross-party amendment to the Finance Bill to ensure the maximum stake for fixed-odds betting terminals are introduced as planned within six months.
Currently the maximum stake for Fixed-Odds Betting Terminals is £100, but the Government’s own review has concluded that this should be reduced to just £2. However the proposal in the Budget is to delay this change for nearly a year until October 2019.
Liberal Democrat Leader Vince Cable said:
“A few months ago I was approached by a mother who was distraught after her son had committed suicide as a result of distress caused by debts that had accrued from compulsive gambling.”
“I and the Liberal Democrats will therefore work with others to stop these abusive practices and introduce a crackdown as promised. The Government is giving in to lobbying from the industry and must now back the cross-party amendment.”
“Further delays are causing more and more vulnerable people to face financial stress, mental health problems and worse.”