Far from taxing

UK spread betting

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From its birth in the 1970s, when its customers were predominantly off-duty City traders, the spread betting industry has come a long way. In the UK, 400,000 people now have spread betting accounts, and the industry is forecast to break the 1 million mark by 2011, according to a recent study by the London-based Cass Business School.

It is difficult to determine the exact size of the UK's spread betting market, but the few statistics that are available paint a picture of rapid growth. One spre

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