This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/england/london/6452865.stm
The article has changed 8 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Final 2012 Games budget to be set | Final 2012 Games budget to be set |
| (about 1 hour later) | |
| Details of the final budget for the 2012 Olympics in London are to be announced by the government amid fears costs have spiralled out of control. | Details of the final budget for the 2012 Olympics in London are to be announced by the government amid fears costs have spiralled out of control. |
| The original estimate for hosting the games and regenerating the area was put at £3.4bn - in November organisers said this figure would rise to £5bn. | The original estimate for hosting the games and regenerating the area was put at £3.4bn - in November organisers said this figure would rise to £5bn. |
| In January a report by MPs criticised the government's handling of the project's finances. | In January a report by MPs criticised the government's handling of the project's finances. |
| Culture Secretary Tessa Jowell is to make the announcement in the Commons. | Culture Secretary Tessa Jowell is to make the announcement in the Commons. |
| Last week the Commons Public Accounts Committee was told that question marks remained over the security budget and the contingency fund which the government is insisting on. | Last week the Commons Public Accounts Committee was told that question marks remained over the security budget and the contingency fund which the government is insisting on. |
| The core Olympic budget doesn't move a great deal Prime Minister Tony Blair | |
| There have also been fears that money may be siphoned off from the National Lottery to make up any shortfall of cash. | There have also been fears that money may be siphoned off from the National Lottery to make up any shortfall of cash. |
| The prime minister would not be drawn on the budget figures when he spoke during a visit to Westway Sports Centre in west London, on Thursday. | |
| Mr Blair said: "There is a lot of alarmist stuff about this. We have an Olympic budget. | |
| "At the end of the day, the thing to remember is that the money we are investing in the Olympics is money for the country. | |
| "The core Olympic budget doesn't move a great deal." | |
| The Local Government Association (LGA) has warned the costs must not fall "disproportionately" on London council tax payers and that the final budget must be realistic. | The Local Government Association (LGA) has warned the costs must not fall "disproportionately" on London council tax payers and that the final budget must be realistic. |
| Chris White, chairman of the LGA culture, sport and tourism board, added: "The government has a very tough decision to make over the future funding of the games and councils will be keeping a close eye on the impact... on charities and voluntary groups." | Chris White, chairman of the LGA culture, sport and tourism board, added: "The government has a very tough decision to make over the future funding of the games and councils will be keeping a close eye on the impact... on charities and voluntary groups." |