The Government is “more confident than it ever has been” that the Olympics
will come in under budget, with a contingency reserve of around £500 million
intact just 150 days before the opening ceremony, culture secretary Jeremy
Hunt has told Telegraph Sport.
On Tuesday the latest Olympic budget update will be published and is expected to show that there has been no additional call on contingency in the three months to December 2011.
In December the National Audit Office warned that it was likely that the £9.3 billion budget would be exceeded, but Hunt said the latest figures made that unlikely.
He also said the financial position justified his decision to recommend the doubling for the ceremonies budget with an...