01 October 1997

THE POST OFFICE has revealed it could be a bidder for the National Lottery franchise when this comes up for review in 2001. ‘Certainly we have thought about it, and certainly we have the capability to do it’, said a PO spokesman. ‘It is one of those things we would like to do if we had [all together now] greater commercial freedom.’ Already the biggest retail outlet for lottery terminals, the PO could be a politically appealing option for the government, especially if it undertook to recycle lottery profits into other areas of its business. Heritage Secretary Chris Smith has already expressed his disapproval of Camelot’s ‘unnecessary profit margins’.