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Friday, March 08, 2019, by Lorien Pilling

Announcing the restriction on FOBT stakes in May 2018, then Culture Secretary and MP for the constituency which includes Newmarket, Matthew Hancock, piously stated that “horse racing should not be financed on the back of this [FOBT] misery”. He went on to claim that “horse racing is a wonderful sport than can, and will, pay for itself”. But words are cheap and in his political desire to appear virtuous Hancock did not say how racing would pay for itself. Some racing trainers are now finding that you can’t eat virtue.  Read More