The Olympics

The Olympics


News, information and stories about the Olympics.

Friday, April 27, 2012

Olympics "Budget" Beyond Belief!

The arguments over the Olympics "Budget" continue, with the Public Accounts Committee laying to Jonathan Stephens the most senior civil servant in soon to be "resigned" Jeremy Hunt's Department for Culture Media and Sport.

The Telegraph reports that the cost of providing security for the games has rocketed skywards, eg elements of the main contract with private security provider G4S (the company that illegally bans photos being taken on public land) have increased by up to seven times.

Liberal Democrat MP Ian Swales said it was “beyond belief” that the Government would have agreed to such a huge increase in the security budget (£86M to £284M) if it had not been forced to do the deal in a hurry having underestimated the original requirement. 

PAC took Stephens to task for this, along with his response to a recent PAC report which described the Olympic budget as “finely balanced”.

Margaret Hodge (Chairman of PAC) quite rightly said that PAC had the right to tell the public the real cost of the Olympics.
For good measure Hodge, again quite rightly,  said it was “dishonest” not to acknowledge that some costs outside the Games budget, such as transport improvements, could be interpreted as Olympic spending.

Stephens claims that he remained “very confident” that the Games would be delivered within the £9.3BN budget.

Which is all very well except that, as has already been pointed out, the "budget" is £12BN!

The whole Olympics "Budget" is in fact beyond belief!

Olympic Medals won during the Beijing 2008 Olympics

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