3rd of November 2010 Author: Glo Wood
Government forced to act as arbitrator
The UK Secretary of State at the Department of Culture, Media and Sport, Jeremy Hunt expressed a highly critical position about the failure of British bookmakers and horse racing industry to reach an agreement on horse racing levy scheme by Oct. 31. Since the two parties' negotiations faced a dead-end, the Government was forced to occupy the unfavorable position of an arbitrator in the dispute.
The UK press reported Hunt's dissatisfaction:
"It's a big disappointment that the racing and gambling industries have failed to sort this out," he said today, "but frankly the government should never be the last resort in an essentially commercial negotiation.
"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."
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