The cost of the 2012 London Olympics is soaring out of control.
The Olympic Delivery Authority had budgeted £116 million for the Olympic Park three years ago. It now says that the figure could have doubled to £276 million.
With another two years to go until the London games, who knows how much more costs will rise?
The government has already set aside £1.3 billion in “contingency” money to cover the rising costs.
The one thing that is certain is who will be expected to foot the bill.