Do We Really Need Two Separate 'heroes' Victory Celebrations?

[anotheoldgit]

http://www.dailymail.co.uk/news/article-3749624/A-parade-fit-Britain-s-Olympic-heroes-PM-orders-victory-celebration-despite-financial-concerns-turf-wars.html

Hasn't enough money been thrown at this two week event already?

£347m of lottery money has been spent on the event and they say that each medal that has been won cost £5.5m of public spending.

Most of these minority interest events create attention for only 2 weeks every 4 years how many of us rush out every week to watch little pole vaulting for example?

[anotheoldgit]

THECORBYLOON

The price of a National Lottery ticket is £2, yet the price of a Health Lottery ticket is £1.

[Gromit]

The Health Lottery is a very bad way to donate to charity. Only 20.3p of your £1 goes to good causes.

[anotheoldgit]

Gromit

/// The Health Lottery is a very bad way to donate to charity. Only 20.3p of your £1 goes to good causes. ///

Shouldn't you be watching your footy.

But since you have been dragged away, how much of the £2 National Lottery ticket goes to good causes, and I mean good causes.

[Mamyalynne]

To establish that, presuming your idea of good causes may differ to someone else's you may need to source a copy of the latest available annual report and wade through the figures.

[Mamyalynne]

Some more reading and a link here too...

https://www.national-lottery.co.uk/life-changing/where-the-money-goes

[hc4361]

28%

[Gromit]

Health Lottery owner Northern and Shell (Dirty Desmond aka owner of the Daily Express) take 22% running costs from every pound which is more than the good causes get. And unlike the National Lottery, they do not have to pay the chancellor 12% of the profit.

So it is highly likely that the 12% tax revenue which can be used for the NHS is actually more than the 20.3% donated by the Health Lottery.

[THECORBYLOON]

According to the Health Lottery website, they have raised £78 million for good causes, still think they are better than the National Lottery?

[mikey4444]

Why buy tickets in the Health Lottery, when you can buy tickets for the real Lottery, which raises much more money for good causes....its a no-brainer to me !

[hc4361]

It's not 'much more', Mikey, it's 8% more

[mikey4444]

HC....surely, if there is vastly more spent on the Lotto, that 8% must add up to a very great deal of money, and its the total money raised that is important.

[THECORBYLOON]

The Health Lottery has been around only since October 2011 so it it not fair to compare the amounts raised to that of the National Lottery which began in November 1994. What is fair is to look at the amounts given to Health, Education, Environment and Charitable Expenditure since 2012 which comes to £2,898,382,776 or almost £2.9 billiion to 2015...

[ToraToraTora]

yes