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London Olympics Budget Rises to £9.3bn

         

sem4u

12:54 pm on Mar 15, 2007 (gmt 0)

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Culture Secretary Tessa Jowell has told MPs the budget for the 2012 London Olympics has risen to £9.35bn.

She said £5.3bn would be spent on construction, compared with the initial £2.4bn budget, while a "contingency fund" would add another £2.7bn.

She also said a further £675m would be taken from the National Lottery funds - bringing its contribution to £2.2bn

[news.bbc.co.uk...]

That is a big increase! It will now officially be the most expensive Olympics by a long shot!

Visit Thailand

1:07 pm on Mar 15, 2007 (gmt 0)

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I am not sure if it is just me, but the Olympics is becoming so much of a political show piece that I am not half as interested as I once was.

They are adding games that make no sense, allowing pros to play.

Apart from the opening ceremony and the mens 100 metres I am not sure what else I will watch.

It is hardly surprising after the Wembley affair that the budget has gone up and will surely increase even more.

sem4u

1:14 pm on Mar 15, 2007 (gmt 0)

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My bank, Lloyds TSB, has become the first sponsor of the games - £80M. I guess that they will stop free banking soon then...

BeeDeeDubbleU

3:51 pm on Mar 15, 2007 (gmt 0)

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And you guys down south thought our Scottish parliament was expensive at £431M?

davec

5:55 pm on Mar 15, 2007 (gmt 0)

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And you guys down south thought our Scottish parliament was expensive at £431M?

I still do!

LifeinAsia

8:32 pm on Mar 15, 2007 (gmt 0)

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And you guys down south thought our Scottish parliament was expensive at £431M?

What kinds of games can you watch there? :)

rj87uk

8:55 pm on Mar 15, 2007 (gmt 0)

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Now the question is - where does the extra money come to fund this?

Is it tax?

BeeDeeDubbleU

9:13 pm on Mar 15, 2007 (gmt 0)

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What kinds of games can you watch there?

No games. Just the same as you watch on UK parliament TV right now. The same games that we in Scotland would see on TV no matter where the Olympics were held are what we are talking about ot of yopu lile the NINE BILLION pound games and I have to help pay for it!

Old_Honky

3:55 pm on Mar 16, 2007 (gmt 0)

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Now the question is - where does the extra money come to fund this?

Is it tax?

It has to be. The government has no money of their own so they will ask us to pay either through normal direct and indirect taxation or through the "idiot's tax" that is the national lottery. I play it every week...

Essex_boy

8:07 pm on Mar 16, 2007 (gmt 0)

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I only watch to see people fall over etc