Clause 4 - Length of licence
National Lottery Bill
12:15 pm
Hugo Swire (Shadow Minister (the Arts), The Family & Culture, Media & Sport; East Devon, Conservative)
Perhaps by then, after 15 years of another Conservative Government, it will be Labour’s turn again. We could waste a lot of time looking towards those far-off days, Mr. Cook, and you, for one, would not allow me to do so.
Three Parliaments is a long time to grant a profitable licence of this sort. It is profitable, because if the company is turning in £30 million now, what will it be turning in once it gets its act together in 15 or 20 years? This is, in effect, a licence to print money.