The cost of the London Olympic Games in 2012 will balloon from the budgeted £1.5BN, to an whopping £5BN. This being the result of reappraisals of facilities, costs and the proposals for redeveloping the Lea Valley, where the games are to be held.
This of course is merely the start of "budget creep", you can rest assured that by the time the Olympics are held the budget will have broken the £10BN level.
Politicians should never be allowed anywhere near a budget.
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