Whilst plans for social housing and other Olympics 2012 "legacy" promises are being cut back, the "good" news is that security costs are going to rocket.
That at least is the view of Denis Oswald, the chairman of the IOC's co-ordination committee for London 2012 (as per The Telegraph).
"It's really a difficult budget.
Compared to previous Games, it is really rocketing."
Are these games really worth all the hassle and cost?
Olympic Medals won during the Beijing 2008 Olympics
Don't forget to visit www.theolympicswarehouse.com
www.olympicsdiary.com brought to you by www.kenfrost.com "The Living Brand"