Olympics Pushes Up Costs

The 2012 London Olympics will increase construction costs by nearly £4BN.

That is the view of the Taxpayers' Alliance (TPA), who claim that construction inflation is one of the major "hidden costs" of the London Games.

The TPA expect that the Games will increase the cost of new public buildings such as city academies and GP surgeries and new private housing, making affordability even worse for first time buyers.

It seems that the Olympic legacy will be the fattening of construction companies bank balances.