The Olympics

The Olympics


News, information and stories about the Olympic Games.

Wednesday, 19 September 2007

Wasting Taxpayers' Money

Like a pig rolling in shit, the London Olympics 2012 seems to positively enjoy wallowing in its own filth and attracting negative publicity.

Figures released under the Freedom of Information Act reveal that 65 agency workers last year, working on the London Games, took home £7.7M (that's £118K each).

One unnamed agency worker was on £1,200 a day. A nice little earner by anyone's standards!

Rockpools, an agency supplier of consultants etc, charged £1,885,898. Reed Personnel Services charged £525,939 and Hedra Plc charged £491,885.

Over 60% of British people feel the Games are not worth the time or money being expended. Given the above sums, I doubt that their opinions will be in any way mollified.

Even the royal family are in on the act; Princess Anne, a non-executive director and head of the British Olympic Association, received £4,000 in fees for attending four board meetings lasting a total of ten hours.

The ballooning budget currently stands at £12BN (including running costs of £2BN), and is expected to rise to over £15BN. My personal guess is that it will top £20BN.

Is there not a more pressing use for this staggering sum of money?

1 comment:

  1. I wouldn't be surprised if it went higher than £20bn. Everyone with a bank account seems to be ripping off the tax payer.