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Let me finish my point and raise a related one to which I hope the right hon. Lady will respond. The chief executive of London Marathon Ltd. has written to my hon. Friend Simon Hughes pointing out that the company is very supportive of VAT not being charged on golden bonds, but that it is concerned that if the solution pursued by the Treasury is to end the VAT-exempt status of the event, it could end up paying more VAT. Therefore, the company wants confirmation that any solution will not worsen its position.