Mihir Bose, the new BBC Sports editor has taken Peter Horrocks at his word (see below) and got an 'exclusive' on the cost of the Olympics. He reckons they will cost up to £9 billion, including a 60 per cent contigency. This is four times the original government estimate. The 'Bah Humbuh' tendency is already out in force.
We should be excited about the Olympics rather than constantly carp about the cost. Any sane person could have worked out that the original £2 billion estimate was pie in the sky. My carp is not the underestimate, it is about how it will be paid for. It is wrong that the national lottery is being raided and that other good causes will be losing out. It is also wrong that London council tax payers will be paying the bulk of the cost. The Olympic games will be enjoyed by the whole country and benefit the whole country. Therefore, what can't be funded through private means should be funded out of general taxation.