Robertson: Olympics' statement falls far short of full and open budget

Hugh Robertson comments on today's written statement on the Olypmic budget.

“Today's statement establishes a welcome initial baseline but falls far short of the full and open budget we had been seeking. The obvious omission is any mention of the mass participation sports legacy which was the key commitment in the London 2012 bid but, as yet, remains uncosted and unfulfilled.

“Monthly cash-flows and a breakdown of the contingency are also needed if we are to ensure the budget doesn’t increase further.”