London Olympics Bill

I agree with my hon. Friend. If we do not set up training programmes and to plan to get our children into those jobs, we will simply fail. The games will bring an opportunity for us to showcase our talent, creativity, innovation and design to global audiences, and will transform the local and regional economy. We must, however, remember that there will be casualties from the regeneration of the area. Local businesses will be displaced because of the need to create space for the Olympic Park stadium. The Bill allows for the necessary compulsory purchases. I ask the Government and the London Development Agency to take immediate steps to reassure the businesses concerned and to proceed to expedite the responsibility of relocation and compensation. Land must be acquired at a fair market rent.