British Commonwealth of Nations: Millions from Bets?

Bets can of course be made on any subject, but in England the commonest form of betting is associated with the turf. Accordingly, the proposed 5% tax on betting of all sorts included in the new Churchill budget (TIME, May 3) roused the ire of Britons last week, chiefly because it will tend to raise the price of England's most popular pasteboard commodity: a betting ticket on the Derby, Grand National or other "turf classic." Within the House of Commons, notables waxed wrathful at daring, chubby "Winnie"...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!