LondonNet News Headlines
21/01/03
Mayor and Government Go for Olympics
- London bid expected after Livingstone agrees tax deal

LONDON Mayor Ken Livingstone has made a deal with the government that is likely to see London make a serious bid for the 2012 Olympic Games.

The government has been sceptical about making a bid, partly on the grounds of cost, but Livingstone agreed that London tax payers would stump up a fair chunk of the estimated UKP2.6 billion needed to stage the games.

That works about at around UKP120 per council tax payer, probably met over five or six years. Livingstone hopes the investment bonanza promised by the hosting the Olympics will help win over voters normally disinclined to cough up more tax.

Next week Prime Minister Tony Blair is due to make the final decision on whether to put forward a London bid.




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