London Olympic Games and Paralympic Games (Amendment) Bill

As a courtesy to the right hon. Lady, I will obviously look at the Hansard for that time, but there is no doubt that this was sold on a very different financial basis, and it will cost not only the general taxpayer, but the London council tax payer, a significant sum of money for some decades to come. I share the widespread view that the Olympics are a great opportunity to showcase the city that I love—I am very proud to represent the heart of the city—and that they will be a spectacular success. Both the Olympics and the Paralympics shortly afterwards will be a wonderful show. I do have concerns about the issue of the legacy, however, and I suspect that similar debates to that which we are currently having were held in the Greek Parliament in advance of the Athens games in 2004, the Australian Parliament in advance of the 2000 games, and other Parliaments and Federal buildings before other Olympiads took place. We all know that it is very easy to have great ideas about the legacy going forward. I am well aware of that; I walked through the site where the Olympics will take place before we even won the bid, and I recognised that there were tremendous opportunities for regeneration. I am concerned, however, about whether we will be able to sell that legacy and whether it will be achieved in the way that we have in mind. We will not know that when we look back in the third week of September next year; we will not know the answer until 2020 and beyond. I therefore hope we in this House continue to address the possible prospect of our having a white elephant of a site out in east London. That would be a crying shame not just because of the amount of money being spent on it, but because of the opportunities that might be missed. I hope that we will ensure that this debate does not end today and that we will not draw a line under things after the Olympics have finished. It will be incumbent on all London Members of Parliament to hold future Administrations very much to account to ensure that that proper legacy, which is the raison d'être for holding the Olympics in London, is put in place.