SportBusiness.com

Jowell would not confirm that the cost had increased to over £5 billion. She said that the government was undertaking a thorough cost review looking at every single item within the Olympic budget.

She said, “in some areas the costs have come down but in other areas the costs have risen. We need to clear about the net figure taking account of all the changes that have taken place in areas such as security and commodity prices. I hope it will be concluded early in the New Year.”