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I went to Olswang's annual media drinks party last night, at the kind invitation of David Zeffman. It is always a fun and well-attended event, and as I said to him when I arrived, it's always a pleasure to be drinking at the BHA's expense.

I went to Olswang's annual media drinks party last night, at the kind invitation of David Zeffman. It is always a fun and well-attended event, and as I said to him when I arrived, it's always a pleasure to be drinking at the BHA's expense.

Paul Leyland from Investec is quoted in the Independent today as saying, "it will be difficult to make money in a taxed UK environment". In a single sentence, he has written off 10 years of history in which Betfair has been profitable every year, paid out a…

Paul Leyland from Investec is quoted in the Independent today as saying, "it will be difficult to make money in a taxed UK environment". In a single sentence, he has written off 10 years of history in which Betfair has been profitable every year, paid out a…

Imagine you had been paying a mortgage for ten years, and then one day your mortgage lender said to you that you could have an 18-month payment holiday. At the end of the payment holiday, you would have to continue to pay your mortgage at…