The Times reports that Lord Moynihan is moaning that that the target of fourth place in the 2012 London Olympics medal table for Team GB will slip to 8th, if budget cuts of up to £79M are pushed through.
"We will be deeply disappointed this week if the Government moves away from their commitment.
To give our Olympic and Paralympic athletes the best chance of success in 2012, the full investment programme agreed by Gordon Brown when he was Chancellor must be honoured in full."
We are facing the worst recession in decades, there are far better uses for the money than the Olympics.
Olympic Medals won during the Beijing 2008 Olympics
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