Livingstone plans to knock several billion off 2012 budget
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Livingstone plans to knock several billion off 2012 budget

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The mayor of London, Ken Livingston, has said that he will consider it a “personal defeat” if Olympic organisers cannot “knock several billion” off of the London 2012 budget.

Livingstone told BBC Sport that the £9.35bn budget announced by Tessa Jowell in March was “completely excessive”.

He said that the budget, which has substantially increased from the £2.4bn originally outline when London first won the bid, includes a £2.7bn contingency and that the actual budget is between £5.5bn and £6bn.

The mayor also expressed his initial reservations about the controversial 2012 logo, saying that he “exploded pretty much as dramatically as the rest of the country when they saw it”, but has since “come to tolerate it”.

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The mayor of London, Ken Livingston, has said that he will consider it a “personal defeat” if Olympic organisers cannot “knock several billion” off of the London 2012 budget.
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