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Olympics costs 'could rise again' Olympics costs 'could rise again'
(about 3 hours later)
A government report is warning there is a 20% chance the cost of staging the 2012 Olympic Games in London could rise again, the BBC has learned.A government report is warning there is a 20% chance the cost of staging the 2012 Olympic Games in London could rise again, the BBC has learned.
It comes after ministers announced a budget for the event of £9.4bn in March - a figure four times higher than that foreseen in the original Olympics bid. It comes after ministers announced a budget for the event of £9.3bn in March - a figure four times higher than that foreseen in the original Olympics bid.
They are now set to publish their most detailed breakdown of the costs.They are now set to publish their most detailed breakdown of the costs.
BBC sports editor Mihir Bose says ministers are confident the budget is "robust", despite persistent criticism.BBC sports editor Mihir Bose says ministers are confident the budget is "robust", despite persistent criticism.
He says this confidence is likely to be exuded by Olympics minister Tessa Jowell when she makes a written statement on details of the budget to the House of Commons later.He says this confidence is likely to be exuded by Olympics minister Tessa Jowell when she makes a written statement on details of the budget to the House of Commons later.
In November, the House of Commons public accounts committee attacked ministers over planning for the event, saying foreseeable costs had been "grossly underestimated".In November, the House of Commons public accounts committee attacked ministers over planning for the event, saying foreseeable costs had been "grossly underestimated".