I gave this answer only a short while ago on the same subject. My Mind has not changed since ...
In all honesty, I have never understood why on earth anyone wanted the Olympics here in the first place.
History shows us that, out of all the Olympic Games held so far, only one (I repeat 1!!!) ever made a profit. The rest cost the governements huge losses! This is a country that spends exorbitant amounts of money on wars, foreign aid etc etc, and yet is UNABLE to cover the costs of running its hospitals and schools properly! What on earth is going on??? Of course the increase in the costs for the Olympics is partly the government's fault, i.e. the government has hired a company to produce a report on how to "reduce the costs of the games" and have agreed to pay out �400 mil (that is 400 x �1,000,000!!!) for the report!!! This is insane! While we are letting patients die because NICE says we cannot afford medicines that are available in most European countries, we can't aford to save the lives of our own people - we are happy to throw away billions on Olympic Games that are going to throw us into yet more debt than ever before and have no hope in hell of actually benefitting the population of this country! This is simply wrong!!!