Government announces Olympic cash to be cut
Chancellor George Osborne has announced drastic cuts in the Olympic budget. The announcement made earlier today will see �27m slashed
Chancellor George Osborne has announced drastic cuts in the Olympic budget.
The announcement made earlier today will see �27m slashed from the Olympic budget of �9.3 billion.
Olympic Delivery Authority (ODA) chairman, John Armitt, said he was sure the savings could be made without affecting the programme.
He said: "Due to strong financial management and cost control to date the project is on a sound economic footing and I am confident that the ODA will be able to save �27m from our budget this year."
You may also want to watch:
Mr Osborne announced a raft of measures today, designed to save �6.2 billion across all sectors, including transport, health and education.
- 1 Poplar MP tells court: 'I fled home when brother said I was possessed'
- 2 Leyton Orient boss Jackett full of praise for Sotiriou after Magpies win
- 3 Ice cream parlour with 'no added sugar' to open in Canary Wharf
- 4 Fire Brigade deluged with calls for help as floods sweep east London
- 5 Flooding causes road and rail disruption across east London
- 6 Nine Tower Hamlets secondary schools rated outstanding by Ofsted
- 7 MP reported ex-husband to police for alleged 'harassment', trial hears
- 8 Apsana Begum's ex-husband may be behind housing bids, trial hears
- 9 Community patrols to stamp out Poplar's street crime
- 10 'Set deadline to remove cladding,' Tower Hamlets mayor urges