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| Version 6 | Version 7 |
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| Mayor says no tax rise for Games | Mayor says no tax rise for Games |
| (about 2 hours 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 Authority group". | |
| To get the Games for the price of a walnut whip a week is a bargain Ken Livingstone Olympics budget now £9.3bn | To get the Games for the price of a walnut whip a week is a bargain Ken Livingstone 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." |