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Page last updated at 08:17 GMT, Monday, 25 October 2010 09:17 UK

Racing and bookies feud over funding


For the past 50 years, horseracing has been funded, in large part, by a levy or a tax on bookmakers' profits. The two sides - the racing authorities and the bookies - are supposed to agree on the level of the subsidy. Correspondent Tim Franks reports on how Culture Secretary Jeremy Hunt may have to intervene if no deal is reached by the end of the week.

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