The Olympics

The Olympics


News, information and stories about the Olympic Games.

Tuesday, 8 January 2008

Olympics Tax Hike

Given the ever ballooning budget for the London Olympics 2012, which currently stands at £12BN, it is hardly surprising that fears are being expressed that the cost of these unwanted games will be supplemented by an increase in council tax.

The Conservatives have reported that the Lee Valley Regional Park Authority has been handed the land and liabilities for the Olympics, leaving it facing the bill for any potential budget overrun.

They suggest that it would be used as a "Trojan horse" to increase local taxpayers' share of the Olympics bill.

However, have no fear, the Department for Culture, Media and Sport (DCMS) has rejected this claim.

A spokesman for the DCMS said:

"The Lea Valley Regional Parks Authority does not have the legal powers to do what is suggested.

There is no way in which any 2012-related cost overruns could be the responsibility of the Park Authority, let alone lead to it seeking to burden council tax payers, in London or beyond, with them.

We have a robust budget for 2012 that will guard against cost overruns

So that's alright then!

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