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 5 | Version 6 |
---|---|
Mayor says no tax rise for Games | Mayor says no tax rise for Games |
(10 minutes later) | |
Londoners will not pay any more after the government announced a rise in the Olympic budget, the mayor has said. | Londoners will not pay any more after the government announced a rise in the Olympic budget, the mayor has said. |
Culture secretary Tessa Jowell said the cost of hosting the 2012 London Olympics has nearly trebled to £9.35bn. | Culture secretary Tessa Jowell said the cost of hosting the 2012 London Olympics has nearly trebled to £9.35bn. |
As part of the revised budget, London mayor Ken Livingstone will have to come up with an extra £300m. | As part of the revised budget, London mayor Ken Livingstone will have to come up with an extra £300m. |
But he has said he will not increase the current 38p a week contribution Londoners pay on the council tax for the Olympic Games. | But he has said he will not increase the current 38p a week contribution Londoners pay on the council tax for the Olympic Games. |
A spokesman for the mayor said the extra £300m will come from "within the Greater London Assembly group". | A spokesman for the mayor said the extra £300m will come from "within the Greater London Assembly group". |
To get the Games for the price of a walnut whip a week is a bargain Ken Livingstone href="/1/hi/uk_politics/6453575.stm">Olympics budget now £9.3bn | |
BBC London's political editor Tim Donovan said Mr Livingstone may raid Transport for London reserves and use a £200m loan he has taken out for transport improvements in east London to help find the £300m. | BBC London's political editor Tim Donovan said Mr Livingstone may raid Transport for London reserves and use a £200m loan he has taken out for transport improvements in east London to help find the £300m. |
In her commons statement, Ms Jowell said the mayor had agreed to re-write the memorandum of understanding to enable "profit sharing" - so the Lottery and future regeneration needs could benefit from any returns from the investment being made. | In her commons statement, Ms Jowell said the mayor had agreed to re-write the memorandum of understanding to enable "profit sharing" - so the Lottery and future regeneration needs could benefit from any returns from the investment being made. |
Mr Livingstone said: "Londoners will not pay a penny more than the current 38p a week contribution on the council tax to the Olympic Games. | Mr Livingstone said: "Londoners will not pay a penny more than the current 38p a week contribution on the council tax to the Olympic Games. |
"Today's announcement delivers that promise. To get the Games for the price of a walnut whip a week is a bargain". | "Today's announcement delivers that promise. To get the Games for the price of a walnut whip a week is a bargain". |
But Bob Blackman, London Assembly Conservative spokesman for the Olympics said: "It is clear that the assurances given by the mayor and Tessa Jowell that the original budget was totally robust have been blown completely out of the water by today's announcement. | But Bob Blackman, London Assembly Conservative spokesman for the Olympics said: "It is clear that the assurances given by the mayor and Tessa Jowell that the original budget was totally robust have been blown completely out of the water by today's announcement. |
"The months of speculation are finally over but there is not a shred of good news for National Lottery, who will have their good work in London decimated for the next five years whilst contributing an additional £675m." | "The months of speculation are finally over but there is not a shred of good news for National Lottery, who will have their good work in London decimated for the next five years whilst contributing an additional £675m." |