I laughed at the news item today which suggests that there is a 20% chance the cost of staging the 2012 Olympic Games in London could rise again. It comes after ministers announced a budget for the event of £9.3bn in March – a figure four times higher than that foreseen in the original Olympics bid. They are now set to publish their most detailed breakdown of the costs. Ministers are confident the budget is "robust", despite persistent criticism.
Am I alone in reckoning that the chance of a further increase is 100% – the concept of a "robust" budget and politicians overseeing a major sporting event like the Olympics is oxymoronic?