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What they said about the Games budget
Evening Standard8 Apr 2008
Tessa Jowell, 15 March 2007
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.
