Horseracing — [Sir Edward Leigh in the Chair]

Part of the debate – in Westminster Hall at 1:54 pm on 24 October 2024.

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Photo of Dan Carden Dan Carden Labour, Liverpool Walton 1:54, 24 October 2024

The racecourse was an absolute bog filled with water, and two of those horses had to be remounted to get to the finish. The event hooked me on horseracing because it was so extraordinary.

The hon. Member for West Suffolk and I now chair the all-party parliamentary group on racing and bloodstock, and our first meeting of this Parliament was attended by well over 20 colleagues. That—along with the strong attendance at this debate on a Thursday—just shows how highly the sport is considered.

I am incredibly proud to represent the Walton constituency, which now has Aintree racecourse within it. Aintree is home to one of the greatest races in the world, which is watched by more than 600 million people globally: the grand national. The economic contribution of the grand national—the three-day race meeting—is well over £60 million for. Aintree racecourse is also a world-class sporting facility, as well as being part of the local community, maintaining strong relationships, as some hon. Members will know, with Alder Hey children’s hospital, Park Palace Ponies and some of our schools and educational establishments. There is so much more potential for racecourses in our communities to have a positive and meaningful social impact, especially in urban areas. There is the potential for young people to benefit from alternatives to the classroom when it comes to skills and apprenticeships, and there are alternative fulfilling careers. Racing can play a role in helping the Government to deliver their national mission for growth.

Whatever the challenges British horseracing faces, it will always benefit from its prestige, including its centuries-old thoroughbred history, from Eclipse to Frankel, and Ascot racecourse, which was founded in 1711. Horseracing bridges the class divide. All of us want British horseracing to thrive into the future. For those who work in the industry, it is a labour of love and dedication, and a total life commitment.

The hon. Member for West Suffolk did an excellent job of putting on record the low prize money offered in Britain, compared to countries with different funding models, so I do not need to repeat that. However, given the reported decline in betting turnover, the current system —the reliance on media rights, racecourse contributions, owners and the levy—leaves the industry looking precarious. That is a real concern for all those who rely on it, and like all those in leadership roles in the industry, we in this place also have concerns. My message to the Minister and her colleagues is that they, and we as a Labour Government, have a responsibility to be good custodians of the industry for the future.

British racing is British soft power; it creates bonds between states—not just our neighbours in France and Ireland, but Japan, Australia, the US and the Gulf states. It is one of the finest cultural and economic assets this country possesses, and it rightly has a reputation as a global leader. Will the Minister commit to being proactive in backing the industry and all those who work in it? Will she carry forward the current levy negotiations with at least the suggested increase and with some urgency? While negotiations between the Betting and Gaming Council and the BHA are resuming, we must remember that the Government set the red lines and make the decisions. Finally, could we have that independent review into the future of racing—into the funding model for racing—to ensure that, in the years ahead, we can arrive at a sustainable settlement to save and promote racing?