London Olympics Bill

Will my hon. Friend confirm that his understanding of the proposal is the same as mine? We are talking about a cap on the contribution paid by the council tax payers of London, but were there to be an overrun, which we do not believe is likely, it would be funded by all taxpayers throughout the country, including London taxpayers, who, as my hon. Friend has rightly pointed out, make a rather greater contribution in that regard than taxpayers in other parts of the country. We would not be capping the total contribution of Londoners.