UK residents turn to gambling to make money for bills
Posted by Carl Barnett on 24 Feb 2010 at 09:02
There are clear signs that the world recession has had an inverse effect on the spending habits of UK residents.
More and more UK residents are turning to gambling to ease their stress levels, and this is seen as a direct result of the recession.
Many governments across the globe see the benefits involved in adding gambling revenue to the tax haul every year, and the United Kingdom is quite privileged in that it has a thriving gambling business, both with land-based operations and online gambling outlets.
The charity Credit Action has recently undertaken some research that shows that one in ten British people have turned to gambling in an attempt to find more income.
The money that these people win is being used to pay off outstanding debts such as mortgage payments and car finance obligations.
Chris Tapp, a spokesperson for Credit Action, said to BBC News: ‘They have to pay their mortgage and electricity bills but they don’t know where to get the finance to do that if they haven’t got enough at the end of the month.’
In the United States the picture is similar.
The UIGEA is due to be discussed in the summer, and is expected to legalise online gambling operations in America.
