Anorak News | Lottery: Government And Banks Win Every Time

Lottery: Government And Banks Win Every Time

by | 25th, April 2007

lottery5.jpgNEARLY £2 billion of Lotto cash is sloshing around in unused bank accounts, the Government has been forced to admit.

Civil Servants only revealed this information after Denis Vaughan, the man who led the original campaign for a UK lottery, demanded to know just how much cash which still unused.

Vaughan, president of the Council for the Advancement of Arts, Recreation and Education fumed: “It’s ruining the Lottery because the poor people who play don’t see any effect on their lives, which is what I started it for.”

Twenty-eight pence from every £1 Lotto ticket sold goes to fund causes – charities, sporting projects and heritage schemes.

However, while the National Audit Office has told organisations such as the Arts Council and Sport England to distribute their cash within one month of receiving it, armies of bureaucrats have been wrapping the money up in red tape.

Makes you wonder what the Lottery is for?

Posted: 25th, April 2007 | In: Money Comment | TrackBack | Permalink