Olympic budget
Submitted by LP on Thu, 25/01/2007 - 14:43The celebrations of 2012 days left to the London Olympic Games a few days ago were overshadowed by the publication of a critical Commons Committee report. MPs (mainly Labour) criticised the planners for poor management of the games' finances.
The cost of the delivery has increased from £2.4bn to 3.3bn. This is a result of the planners not thoroughly thinking through the budget before they submitted their bid. Now the government wants taxpayers to foot the bill.