The data reflects a broader shift in transport trends, with more motorists moving towards electric vehicles and reducing discretionary travel. The fall in receipts was indicative of a longer-term shift to electric vehicles.
According to a report from The Wall Street Journal, the Trump administration is set to receive a total of $10 billion in the deal that allowed TikTok to remain in the US. The new investors who acquired stakes in the US entity of TikTok already paid a $2.5 billion fee to the administration when the deal closed in January, but WSJ's latest report noted that the group of investors would continue to make payments until the total hits $10 billion.
They urged Reeves to impose higher duties on the most addictive products, such as high-street slot machines and online casino games, both of which are growing rapidly. Support for tapping these segments of the industry for much-needed revenue echoes similar calls from thinktanks and Gordon Brown, who has said gambling taxes should rise by 3bn to fund an end to the two-child benefit limit. Gambling firms have fought tooth and nail against any increase, including through a summer charm offensive with Labour MPs.
