Wednesday, November 08, 2006
Whos having to pay for the London 2012 Olympics
Since the campaign began for London to host the olympics in 2012, I have been and continue to be a supporter of London hositing the olympics, as I believe this will bring much enjoyment and economic benefit to the country and particularly East London.
However, I am starting to get worried that the Government seems to be failing to correctly manage this properly. Firslty, costs seemed to keep on rising and this week have heard that the Government mistakenly thought they didn't need to include VAT on the building costs, which they now admit will need to be paid.
This keeps on resulting in higher costs, which the Government expects the whole of London to pay for (as opposed to tax payers in the rest of the country.) Therefore the taxpayers of Barnet are increasingly expected to pay more for the Olympics while they will gain no more benefit than the people of Hertfordshire or anywhere else in the country.
I generally want these Olympics to be a success, but this should not be at the expence of the resients of Barnet. So let's make sure this is managed properly and does not make London the laughing stock of the world.