Daily Telegraph: Letter: Cost of the Olympics

SIR - Miss Jowell accused us of trying to scare people with our report on Olympics construction inflation.  Our estimate of the amount of construction inflation is taken from a study by EC Harris, a leading international construction consultancy.

Miss Jowell wrote that it "is a mistake to view 2012 as a cost, rather than an investment".  Investments have costs.  The cost of "investing" in the 2012 Olympics is larger than people thought.

Matthew Sinclair
The TaxPayers' Alliance
London SW1