What they said about the Games budget

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Miss Jowell announced to the House of Commons a budget of £5.3 billion to cover venues and infrastructure for the Games.

On top of this, she announced various other costs including an overall additional contingency fund of £2.7 billion. According to these figures, the total for the Games and the regeneration of the East London area is £9.345 billion.

Of the Olympic Delivery Authority budget, Ms Jowell said: "I am confident the investment package I have announced today will enable us to host the best Olympic and Paralympic Games ever. The 2012 Games have a huge potential to regenerate our capital city and boost the entire UK economy."

Tessa Jowell, 10 December 2007

Ms Jowell confirmed the budget announced earlier in 2007. She said: "We are doing what we promised: keeping Parliament and the public up-to-date about the finances for 2012. The budget is consistent with the funding package I outlined in March this year."

Ken Livingstone, 12 December 2006

Mr Livingstone said: "I have given a guarantee to Londoners that they will not have to pay more than 38 pence a week towards the cost of the 2012 Olympic and Paralympics Games ... my commitment is that it will remain the same the year after that and in every succeeding year."

Ken Livingstone, 22 November 2006

Mr Livingstone pledged the Games Organising Committee would make a profit. He said: "I'll make a prediction for you now — and providing Londoners re-elect me I'll actually be around to honour it — that these Games will make a profit. It will produce tax revenues on a grand scale."

Hugh Robertson, shadow Olympics minister, 15 March 2007

Mr Robertson said the budget for which the Government is responsible had trebled since the Olympic Bill left Parliament, adding: "In raiding the Lottery for a further £675 million ... the Government will penalise the organisations that were supposed to benefit from the Olympics."