Tessa Jowell has finally announced the budget for the 2012 London Olympics, it will cost £9.3BN (before running costs of £2BN).
In other words, as has been predicted on this site for many months, the costs of the Olympics will be around £12BN.
The question therefore arises, if I could come up with the figure so quickly and so long ago, why the hell did it take Ms Jowell so long?
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