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£70m Olympic loss for G4S

Security company G4S today said it will incur a loss of £70 million on its bungled Olympics contract, more than the £50 million previously estimated.

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"It's not a shambles": Home Secretary insists Olympic Security arrangements are under control

The Home Secretary, Theresa May, appeared in the House of Commons earlier to answer urgent questions on security arrangements for the London Olympics.

It's been revealed that an extra 3,500 military personnel will have to be deployed because of a short-fall in the number provided by the private security firm G4S.

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