Security Costs Soar

Adding further pressure to the already out of control London Olympics budget (currently standing at £12BN, including £2BN running costs); Tessa Jowell revealed that the bill for policing London and the United Kingdom during the Games had soared from £200M, at the time of the 2005 bid, to a total of £1.2BN.

Denis Oswald, the chairman of the IOC's London 2012 co-ordination commission, said that he was "encouraged" by the latest budget analysis announced by Jowell.

LOL!