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Why has the Olympics budget gone up, who should pay, and what we will get for our money?

The Government has just announced the new budget for preparing the 2012 Olympic Games. It's over £9bn, more than double the initial estimates. Why has the budget gone up, who should pay, and what we will get for our money? This briefing provides a brief overview of Olympic costs, the likely legacy and future risks.

Centre for Cities has re-launched as an independent think tank. You can visit them online at http://www.centreforcities.org.