I BET the bookies would like the Grand National to be run more often. That way the profit they make on the race would help offset the new tax they will have to pay.

In the budget last month, the Chancellor announced plans to extend the horserace betting levy to gambling companies based offshore. There will also be a 25pc higher tax rate for fixedodds gaming machines.

Many betting shops are facing closure with a consequent loss of jobs.

N Tate, Harrowgate Village