London Olympic Games and Paralympic Games (Amendment) Bill

I thank my hon. Friend for that intervention—I nearly got through, didn’t I? I am glad to say that the dispute between the British Olympic Association and LOCOG, which was covered extensively in the media, has now been resolved. If there is any profit from the games, it will be divided by a formula that is set out in the host nation contract, which means that 20% goes to the International Olympic Committee, 20% goes to the national Olympics committee—in our case the BOA—and 60% is invested in community sport. I started doing this job in opposition in 2004, and it is fair to say that in nearly six years on the beat I have not seen a single budget forecast for the games that produces an outrun profit. Without revealing too much of the inner workings of the Olympics budget, I fear that the worry has been on the other side of the equation—that we might not be able to balance the thing. That is now not an issue; the budget is balanced and will work well. At one stage I thought that the whole dispute was a slightly arcane argument about a minor part of the contract and a profit that will most likely not exist, so I was slightly perplexed as to why it had become such a big issue. Frankly, I think that it became a big issue because there was so little else to write about, as the construction and the organisation of the games were otherwise in such good shape. I am delighted that the thing has now been resolved and that we can all concentrate on rather more sensible matters. As I also said at the beginning, the increasingly refined planning work that is now being carried out had identified a small number of technical issues that needed to be addressed to ensure that the legislation passed in 2006 worked as intended. It is also my intention—an intention that will be shared across this House—that the enforcement of the measures in the Bill and the 2006 Act will be sensible and proportionate. The issues that the Bill seeks to resolve are minor and technical, but they are also essential to providing the building blocks that will underpin a truly memorable games-time experience. On that basis I commend the Bill to the House.