With £1 million I would stick it in the bank, forget about it for a few years, and try to think of a better answer than this. In the meantime It may have risen to £1.25m or maybe even £1.5m thanks to interest!!
You might be interested to note; they do say you need about £10 million to live the life of a millionaire nowadays, as it were.
"Jonny Tightlips... you're shot! - whered' they get you?" "I ain't sayin' nutin'." "But what'll I tell the Doc?!" "Tell'um to suck a lemon."