There have, however, been concerns over how the Olympics are to be funded. In February 2008, a London Assembly culture and sport committee report expressed concerns over the funding of the games taking away money from London's sports and arts groups. There have also been complaints that funding towards the Olympics has been to the detriment of funding other areas of the UK. In Wales, there has been criticism from Plaid Cymru about the games depriving Wales of money, by using UK-wide funding rather than English funding. The Wales on Sunday newspaper claimed former UK Prime Minister Tony Blair broke his promise to not use National Lottery funding for the Olympic games.
As at December 2009, the Delivery Authority had allocated £702 million of Program and Funders’ contingency, largely to cover the decisions to publicly fund the Village and Media Centre after it became clear private funding could not be secured on acceptable terms during the 2008 to 2010 economic crisis. According to the Government Olympic Executive andOlympic Delivery Authority risk assessments the remaining £1,270 million contingency is sufficient to manage risks to the Delivery Authority’s program.
Also from May 2010, the Olympic budget will be cut by £27 million as part of the £6.2 billion cuts by the new Conservative-Liberal coalition government.
On 19 July 2011, Hugh Robertson, Sports & Olympic Minister, revealed that he expected the project to be delivered on time and under budget. "With one year to go to London 2012, the Games construction is 88 per cent complete and ahead of time and under budget. That is an extraordinary thing for a Government Minister to be able to say a year out from the Games." Olympic Tickets are easily available on Sport Ticket Exchange. Sport Ticket Exchange offers you Olympic Tickets for all sports and events. You buy Olympic Tickets and also can Sell Olympic Tickets at Sport Ticket Exchange. Purchase Olympic Tickets fromSport Ticket Exchange at favorable rates.
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