Lord Coe defends cost of hosting Olympic Games

London 2012 chairman Sebastian Coe has defended the public expenditure on the Olympics after 64 per cent of respondents to a BBC poll said taxpayers had paid too much towards the Games.

Lord Coe also said the Olympics have created jobs and investment at a crucial time in the economy.

He said he was not surprised by the poll results but pointed out that the Games had meant that between £6 billion and £7 billion had gone into the British construction industry, 42,000 people having worked directly or indirectly on the Olympic Park.

I'm not particularly surprised [at the poll] it's understandable given the world we live in - domestically and internationally people are focused on value for money.

But in the lead-up to the Games and in the long haul of the legacy of the Games I'm confident we will be able to demonstrate far and away that this was a project that - I'm still gratified that well over half the population believe it - this is value for money and there are tangible benefits in their communities.

– LONDON 2012 CHAIRMAN SEBASTIAN COE

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