Cameron doubles Olympic ceremonies budget

Prime Minister David Cameron has doubled the budget for the 2012 Olympic and Paralympic ceremonies in an attempt to drive economic and tourism opportunities for Britain.

Olympics_ceremony_b_111206_BBC_231042660


The government recently announced it will pump £41 million of taxpayers' money into the closing and opening ceremonies; increasing the budget drastically from £40 million to £81 million.

“This is a moment next summer, or four moments next summer, when the eyes of the world will be looking at us,” Britain's sports minister Hugh Robertson told the BBC.

“It is absolutely incumbent on us, in government, to maximise that opportunity to drive the maximum benefit for the economy and for tourism.”

But the move has come under attack from those who think the money could be better spent on longer-term investments.

“It's actually unbelievable that they've doubled the budget on the opening ceremony, which only lasts for a few hours,” former sports minister Richard Caborn said.

“When really they ought to be investing that money . . . in our young athletes and particularly in school sports which has been dramatically cut, and which really is an investment for life, not just for a few hours.”



Share

1 min read

Published

Updated

Source: BBC



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world