Racing is being regulated out of existence
From our UK edition
As a parable that sums up the dysfunction of the modern state and the over-regulation of industry, this has it all: government by unaccountable quango, ministers whose actions are the opposite of their words, puritanical campaigners given the power to dictate how people spend their money, a refusal to recognise glaring trade-offs and the cost of regulation, and the complacency with which a great British success story might be killed off. The success story in question is horse racing. With five million fans a year visiting 59 courses, racing is Britain’s second most popular spectator sport after football. And we are good at it. We have the best horses, the best trainers, and four of the top ten races in the world. The industry contributes£4.