In the immortal words of Victor Meldrew I do not believe it (British humour at its best!).
£7million per HOUR for the London Olympics opening and closing ceremonies. This was the headline in The Mail Online The Telegraph on line quoted a cost of £250,000 per day to keep the Olympic site secure with The Guardian suggesting London 2012 Olympics security costs almost double to £553m.
While all of the articles above are on a theme the Mail quotes the National audit Office who “warned that ministers are in danger of overshooting the £9.3billion budget for next year’s games.”
The articles make interesting reading however on my travels to and from Leeds yesterday I heard a couple of people express really negative views:
“Yet more money spent on the austerity games”
“We will be paying for these games for years”
To double the cost of the opening and closing ceremonies seems over the top when the government is crying out for reductions in spending all over the public sector. I know of very few project budgets that have increased; many are being cut dramatically.
So, if you have a ticket for the opening or closing events of the games, please think about the £7million per hour cost. I am!