SUNDAY, NOVEMBER 08, 2009
Three Old Favourites In The Weekend Press
- £1.15 billion spent by Boris Johnson's London Development Agency (LDA) to buy and clean up the Olympic site
- At least a further £359 million not publicly announced by the LDA, including £269 million in interest payments and £90 million in Olympic grants
- £389 million for "Games-specific" transport improvements by Transport for London and Network Rail
- About £60 million costs for Whitehall departments working on Games preparations and legacy planning
- £240 million spent, or bid for, by local councils
- A contribution of £110 million by the Homes and Communities Agency quango to the Olympic village
- £280 million on Olympic-related grassroots and elite sport projects
- Almost £100 million in directly Games-related spending by a range of other public bodies, from the Lea Valley Regional Park Authority to the Arts Council and the NHS..
Whatever the government may say, there is no way the cost will be contained to the current official budget of £9.3bn - let alone the preposterous £2.1bn they originally plucked out of the air (or somewhere) in 2004. Our estimate of the final all-in costs has always been £20bn (eg see here). We see no reason to depart from that.
2. Prison - it's still cheaper to bang 'em up
The Sunday Times has the useful graphic above which summarises the relative costs of leaving criminals free to roam our streets:
"The average number of offences committed by a single criminal is 140 per year, according to a Home Office survey.
Civitas, the think tank, estimates the cost to society of one active criminal committing 140 crimes is £280,000 a year, while the cost of reprocessing him or her through the criminal justice system and back into prison is put at £65,000."
And once they're inside, the average cost of a prison place is put at £26,000 pa.
Now you don't need to be a calculating machine to work out that it's a lot cheaper to lock up bad guys than to leave them out here.
So WTF don't our useless politicos JUST DO IT?
3. Buying votes with welfare