Betfred to close 132 stores and cut 600 jobs over ‘economic uncertainty’

Betfred is closing over one in 10 of its high street stores (Picture: Getty Images)

Betfred is set to close more than a tenth of its betting shops, citing economic uncertainty and pressure from increasing taxes.

The high street bookmaker will also axe 600 jobs from September, with 132 of its shops earmarked for closure.

Originally based in Warrington, Cheshire, Betfred was founded by brothers Fred and Peter Done in 19...