You are in: Home > News > Latest News



The cost of civil servants' time has been left out of the budget for the 2012 Olympics, MPs revealed today.

A report published by the Public Accounts committee said that the Department for Culture, Media and Sport's revised budget of £9.3bn – itself more than double the original £4bn estimate – left out several important costs.

Among these are the £650m spent by the London Development Agency on the land for the Olympic Park, the yet-to-be-decided contribution of the private sector to the costs of the Olympic village, up to £2bn of 'staging costs', and the time of government officials.

"The budget excludes the costs of staff in government organisations carrying out Olympic-related work, including the Government Olympic Executive set up to manage and co-ordinate the government's interest in the Games, and the costs of improving wider transport links in London," said the report. "These activities are essential to the delivery of a successful Games."


COMMENTS

EMAIL ALERTS

Alert me when new articles are added on:
 Reward, comp & ben

RELATED RESOURCES

Email updates on the latest HR news and good practice
XpertHR is offering you the opportunity to gain valuable intelligence on the prospects for pay in 2011, free of charge.

 
© Reed Business Information 2012