Sascha Blodau’s Merkur vista spreads far and wide from manufacturing to high street retail venues, so when it comes to a confidence barometer, we need look no further. Pragmatism from government and certainty are what’s necessary to restore confidence, he says. And if it comes, might one expect some significant investment?

I am cautiously optimistic rather than overly confident. Much depends on the final delivery of outstanding elements of the Gambling Act Review, particularly reform of the 80/20 rule.

Allowing operators to remove outdated machines that are expensive to operate – both in terms of energy consumption and parts – and to introduce a small increase in B3 machines would better meet customer expectations and support sustainable investment without increasing risk.

The industry is well-placed to contribute to economic growth, employment and regeneration, but that depends on regulation being proportionate and evidence based. 

The Gambling Act Review contained a number of sensible recommendations, and the key now is consistent and pragmatic implementation.

The Budget has provided some stability, but it has not materially reduced cost pressures on hospitality or leisure. 

A pragmatic and sensible approach from government will also be essential, particularly in relation to the current bingo premises licensing consultation. If handled poorly, this could represent a significant additional cost to businesses and would inevitably impact future investment decisions.

Growth is possible, but it will come from well-run businesses investing carefully, rather than from any single policy change. 

Certainty and consistency from government and regulators would be the biggest boost to confidence.