Hollie Adams | Afp | Getty ImagesBritain's Labour government appears poised to raise "sin taxes" in its highly anticipated October budget as it seeks to cash-in on lucrative industries to bolster Treasury revenues.
Among a litany of measures, including a major change to the government's fiscal rules, Reeves is reported to be considering a sin tax raid.
"Sin stocks are a good place to start.
Shares of London-listed gambling stocks fell sharply on the news.
A Treasury spokesperson was not immediately available to comment when contacted by CNBC about the prospect of sin taxes in the budget.
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