As reported in today’s Daily Mail, the Conservatives wish to reform the National Lottery so that it returns to its original purpose of only funding good, voluntary causes. During the Labour years £3.8bn has been taken away from good causes to fund politicians’ pet projects.
David Cameron and Shadow Culture Secretary Jeremy Hunt will promise a National Lottery Independence Bill that will end political inteference in the Lottery. Three measures should ensure that nearly £200m extra every year will find its way to good causes:
- An end to funding politically-determined projects. £100m is currently denied to good causes every year.
- 15% of lottery good cause money is currently assumed by the administration costs of the distributors. A new cap on these costs would release up to £36m for good causes.
- New tax treatments would produce another £40m or so for good causes without affecting Treasury revenues.