The recent UK budget brought mixed news for the horse industry, with a key relief being the confirmation that taxes on horseracing’s remote betting will remain unchanged at 15%. This decision was welcomed by the British Horseracing Authority, as it helps protect the £4 billion industry and the 85,000 jobs it supports. However, other budget measures, such as changes to business rates and minimum wage increases, present challenges. The British Horse Society highlighted concerns that new business rate valuations and the ending of certain reliefs in 2026 could increase costs for riding schools and equestrian centers, potentially threatening their viability.

Additionally, the budget includes a £4.3 billion support package for properties facing large business rate increases and plans to allow transfer of agricultural and business property relief allowances between spouses, which benefits landowners but does not fully resolve inheritance tax issues. Financial experts warn of a continued squeeze on disposable incomes due to frozen tax thresholds and inflation, emphasizing the importance of strategic financial planning for those in the equestrian sector. Overall, while the budget offers some protections, the horse industry must navigate ongoing financial pressures from broader economic policies.