Part of Oral Answers to Questions — Culture, Media and Sport – in the House of Commons at 12:00 am on 27 March 2000.
Peter Ainsworth
Conservative, East Surrey
12:00,
27 March 2000
With regard to Wembley, the right hon. Gentleman should know that the £40 million to which he referred is disputed by Sport England, and that there is no guarantee of the £20 million from the Football Association. It would be nice to have a little more clarity and less spin on the issue.
Does not the right hon. Gentleman's response to the question of my hon. Friend the Member for Guildford (Mr. St. Aubyn) betray the fact that, yet again, the biggest lottery winner of all is the Chancellor of the exchequer? Not content with taking 12 per cent. in tax for every pound spent, the Government have ensured that a full third of the good causes lottery money will be syphoned off and used to support core Government spending programmes. The Government are now presiding over a mounting pile of lottery cash, which—as far as most of us can see—is being used primarily to offset the public sector borrowing requirement. With interest rates at 6 per cent., what rate of return is that cash earning? Is it 3 per cent—or 3.5 per cent?
What does the right hon. Gentleman plan to do to unlock the lottery logjam? Will he be having a word with his right hon. Friend the Member for Holborn and St. Pancras (Mr. Dobson), the Labour candidate for mayor of London, who seems to have some curious views on the lottery?
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