Bookmakers have an important role to play in revitalising our economy.
‘Betting on Britain’, a Centre for Economics and Business Research report launched this week, showcases the positive impact of our industry by revealing that Britain’s bookmakers are one of the nation’s most youth and female friendly industries.At a time when one in five young people remain out of work, we are proud of the role we continue to play in supporting women and the youth of today.
The most substantial report on the industry in a generation highlights that more than half of betting shop staff are women, a further quarter being aged 18-24; not to mention the £3.2 billion contributed to the economy and £941 million paid in tax – the equivalent of paying for 35,100 nurses.
The proportion of women employed in betting shops puts the industry ahead of financial services (27 per cent) and IT (21 per cent).
Without doubt, women and young people have been hit disproportionately by the economic crisis. Having made up 65 per cent of the public sector, women have in fact shed jobs at a faster rate than men.
This major piece of research, commissioned by the ABB, confirms what we already knew about the significant impact that bookmakers have on society and the British economy.
Our young people are frozen out of the job market on the notion they don’t have enough experience. But if no one is willing to employ them, how are they expected to ever get the experience required of them?
We are proud of being one of the few industries that takes young people on in junior roles and provides real on the job training allowing them to move forward with their careers.
This is real investment in the future of our nation.
Our members provide jobs that combine authentic opportunities to advance, with the flexibility to pick the children up from school.
We are undoubtedly a progressive and inclusive employer.
This study emphasizes that the betting industry continues to invest in Britain’s High Streets at a time when most retailers are struggling.
The CEBR estimates that over the last decade bookmakers have invested some £2 billion in local economies through opening new shops and the re-fitting of older betting shops, equivalent to an average of £150,000-£200,000 per betting shop.
We are pleased to be at the forefront of an enterprising private sector, providing jobs during difficult economic times.
If you also want to bet on Britain’s future we would welcome your support by signing up to our petition: