LONDON 2012 OLYMPIC STADIUM BILL GOES THROUGH THE ROOF.

LONDON 2012 OLYMPIC STADIUM BILL GOES THROUGH THE ROOF.

SNP Culture and Sport spokesperson, Pete Wishart MP, has seized on an admission by the UK Government today (Thursday) that the cost of the 2012 London Olympic stadium has soared again — by almost £50 million.

Mr Wishart said:

”Labour’s Olympic budget is completely out of control. Just where is the money coming from, and where on earth has it been going to?

“Alarm bells should be ringing, and we must have concrete assurances that good causes across the rest of the country will not pay the price for Labour’s incompetent accounting.

"Of course the Olympics is great news for London, but good causes in Scotland, Wales and across the English regions should not be short-changed to subsidise these games.

“If there was an Olympic medal for financial mismanagement and bungling, the UK Government would get gold. “It seems Labour has no problem finding money to fund the Olympics, but cannot release the £1bn of Scottish resources which hare being withheld by the Treasury – money which should be used to ease the pressure of the economic downturn.”