Lancashire TelegraphPendle MP hails lottery donations (From Lancashire Telegraph)

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Pendle MP hails lottery donations

PENDLE MP Andrew Stephenson has hailed the total £502,763 of Lottery cash awarded to projects in his constituency between July and November.

Age UK Lancashire got £293,756 to improve older people’s health.

East Lancs People First got £164,518 for activities for those with learning disabilities.

East Lancashire Community Action Project won £9,024 to upgrade IT equipment.

Friends of Greenfield Local Nature Reserve received £8,521 to train volunteers.

Break the Cycle won £8,450 to help ex-offenders.

The Rocking Horse Club – Pendle Ltd got £7,700 to create a forest school for children.

Pendle Community High School and College received £5,000 to help a Nelson special school to run activities.

Casualties Union – Pendle Study Circle won £2,900 to boost first aid services.

Hodges House Residents Association (Nelson) was awarded £2,894.

Mr Stephenson said: “To have over half a million pound of awards made in just a four month period is fantastic news.”

Comments (2)

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7:28pm Wed 19 Dec 12

coates warder says...

i see mr stephenson is looking after his beloved nelson.one day he might just do something worthwhile outside of there.maybe when he wants re-electing well he can get st***ed.
i see mr stephenson is looking after his beloved nelson.one day he might just do something worthwhile outside of there.maybe when he wants re-electing well he can get st***ed. coates warder
  • Score: 0

7:05am Thu 20 Dec 12

Kevin, Colne says...

For the beneficiaries of Lottery Funding this is good news but unfortunately this is looking at one-side of the book and ignoring the other - namely how much was spent on Lottery tickets in Pendle during this period. If the answer is more than half a million pounds then the Borough in aggregate is financially worse off because the Lottery has extracted money from our little plot.

Overall the Lottery must make areas poorer in aggregate because of the cost of running the Lottery and the returning of profits to the owners - The Ontario Teachers' Pension Scheme. The Lottery operator emphasises that only 0.5p in every £ is profit but taking a small amount of a large number of transactions soon mounts up to a tidy sum. If you doubt this, then just look at the wealth transferred to players in the financial services industry.

I would be interested to know whether sales of Lottery tickets have increased duiring the current Second Depression. I ask this because last year there was a YouGov survey that found 29% of people said that the Lottery was their best hope of financial salvation. I mean this is an astonishing figure and reveals the triumph of hope over reality. The odds of hitting the Jackpot are 1 in 14m.

The Lottery has been constructed exceedingly well with all the usual hooks to capture the unwary: large jackpot prize, low entry fee, lots of small prizes, use of regular number entries, sophisticated advertiisng and promotion etc. with extensive publicity of 'Big Winners'.

I consider the Lottery to be a form of voluntary taxation. In many ways it's quite heartening to see people queuing to make their contribution.
For the beneficiaries of Lottery Funding this is good news but unfortunately this is looking at one-side of the book and ignoring the other - namely how much was spent on Lottery tickets in Pendle during this period. If the answer is more than half a million pounds then the Borough in aggregate is financially worse off because the Lottery has extracted money from our little plot. Overall the Lottery must make areas poorer in aggregate because of the cost of running the Lottery and the returning of profits to the owners - The Ontario Teachers' Pension Scheme. The Lottery operator emphasises that only 0.5p in every £ is profit but taking a small amount of a large number of transactions soon mounts up to a tidy sum. If you doubt this, then just look at the wealth transferred to players in the financial services industry. I would be interested to know whether sales of Lottery tickets have increased duiring the current Second Depression. I ask this because last year there was a YouGov survey that found 29% of people said that the Lottery was their best hope of financial salvation. I mean this is an astonishing figure and reveals the triumph of hope over reality. The odds of hitting the Jackpot are 1 in 14m. The Lottery has been constructed exceedingly well with all the usual hooks to capture the unwary: large jackpot prize, low entry fee, lots of small prizes, use of regular number entries, sophisticated advertiisng and promotion etc. with extensive publicity of 'Big Winners'. I consider the Lottery to be a form of voluntary taxation. In many ways it's quite heartening to see people queuing to make their contribution. Kevin, Colne
  • Score: 0

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