Olympic Games 2012: National Lottery

Part of the debate – in the House of Lords at 2:42 pm on 6th December 2005.

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Photo of Lord Clement-Jones Lord Clement-Jones Spokesperson in the Lords, Culture, Media & Sport 2:42 pm, 6th December 2005

My Lords, yesterday the Treasury shut the door on the move to a gross profits tax for the lottery and yet some two years ago a PricewaterhouseCoopers report, which was commissioned partly by the Revenue, said that a migration to gross profits tax,

"would benefit the Good Causes to the tune of £50 million additional revenue a year".

Is not that a very sensible way of mitigating the effect of the Olympic lottery fund and another reason to be very disappointed at the Chancellor's performance yesterday?