- Two years ago, a semi-anonymous blogger was telling them that the 2012 Olympics were likely (not including infrastructure development and PR) to cost around £4.7 billion, rather than the initial estimate of £2.3 billion. Now they're estimating £5 billion - though with some warning that could rise again to as much as £9 billion once they've finally worked out how to do basic arithmetic.
For a bit of perspective, that's the cost of about three Iraq wars (figure), or 300 new hospitals (figure). All for two weeks of people in short shorts running around in circles and throwing things. Top stuff... Nice to see this country's priorities in the right place.