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(Sharecast News) - Betfred has said it will close all 1,287 of its high street betting shops if Rachel Reeves raises taxes on the gambling industry in next month's budget. The company's threat comes amid speculation that the chancellor is considering a tax increase worth up to 3.2bn on sports betting to help to close a potential 30bn shortfall in the public finances. Betfred said such a tax increase would ultimately force all its shops to close, putting 7,500 jobs at risk. - Guardian
Suspected scam investment companies are exploiting Trustpilot's review system by giving themselves five-star ratings to persuade would-be investors that they are legitimate businesses, a report has warned. An investigation by the verification firm KwikChex found operators using fake reviews, forged certificates and stolen corporate identities to lure victims. One operator posed as a regulated law firm able help investors recover lost money, despite having no listing with the Solicitors Regulation Authority (SRA). - Guardian
Plans to reopen a railway on Jersey that was closed nine decades ago are threatening to split the island community of 104,000 people. The proposals would see the restoration of track between the Channel Island's capital St Helier and the west of the island, together with a new line to the airport. Proponents say the scheme would ease congestion on Jersey's sole dual carriageway while helping to revitalise tourism, aided by new light rail technology that would make the 10 mile line less intrusive and easier to build. - Telegraph
A decline in planning applications has cast doubt on Labour's housebuilding target, threatening Britain's growth prospects. A monthly average of 17,691 planning applications for new homes in England have been submitted so far this year, down from 19,369 a year ago, figures from construction data experts Barbour ABI show. - Telegraph
Affordable housing and rural broadband provision will be the first beneficiaries of a new regional investment drive by 20 of Britain's biggest pension providers and insurers. Legal & General has made a 2 billion commitment to invest in delivering 10,000 affordable homes by 2030, while Nest is to invest 40 million in fibre broadband in Scotland and northern England, and provide 100 million to Schroders Capital to make UK investments. - The Times
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