Flutter says one in 10 UK and Ireland workers at risk of redundancy because of a ‘material increase in betting and gaming duties’

The gambling company behind Paddy Power and Sky Bet has announced up to 1,400 job cuts, blaming tax rises imposed by Rachel Reeves.

Flutter Entertainment revealed plans on Tuesday to restructure its UK and Ireland division, affecting staff in Leeds, Dublin and Sunderland. Redundancies are also expected to hit offices in Porto in Portugal and Cluj-Napoca in Romania.