Hands off the London Olympic Games pot warns Mayor of London Boris Johnson

Boris Johnson, the Mayor of London, has told MPs that he was against an early raid on the £1 billion Olympic contingency fund to ease fears over the funding of major building projects for the Games. Warning shot: Mayor of London, Boris Johnson, is against dipping into the contingency fund Photo: EPA Speaking to the Commons culture, media and sport select committee, Johnson said it was important that the fund, part of the Government’s £9.3 billion budget for London 2012, was not dipped into with the Games still four years away. He said: “I am very reluctant of any early spending of the contingency. That is where the argument is turning at the moment. “The cost pressures now are the Olympic village, the media centre and the stadium. We are looking at some changes, some economies we might be able to make.” Johnson vowed that... [read full story]