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Olympics Precept (Supplementary) [17]

  • Question by: Bob Blackman
  • Meeting date: 21 March 2007
I think you can paraphrase it that you do not know but you are going to try?

Olympics Precept (Supplementary) [16]

  • Question by: Andrew Pelling
  • Meeting date: 21 March 2007
The Assembly was assured that all of the uplift in the value of the land would go to our London Development Agency. So that is a loss of money for Londoners. Also, when Mr Higgins came in front of this Assembly, he said that the land - in response to a question I asked him - was not a highly contaminated site. Now you and the Government are saying that there are cost overruns because of contamination. When are we going to get straightforward comments from you on this issue? It is not good enough for you to turn round...

Olympics Precept (Supplementary) [15]

  • Question by: Bob Blackman
  • Meeting date: 21 March 2007
Finally, in terms of the money that the LDA has borrowed, my understanding is from what you said, it is £600 million. The previous answer you gave us was that it was £1 billion. Now that does not suggest that there is going to be any money left over, if the LDA has to be refunded with its money, from any profits from land sales that you have told us about today. That has got to be a cause for concern for all Londoners.

Olympics Precept (Supplementary) [14]

  • Question by: Damian Hockney
  • Meeting date: 21 March 2007
This is down to government and incentives. At the moment you say about companies wanting to locate here but people like Kraft moved their European headquarters out of Britain to Switzerland, because of our developing problems over ever higher taxes.You say that in about 2009 your successor will make the case for monies on the £300 million, but that just cannot be guaranteed. The money has to come from somewhere.You must know what is going to happen.

Olympics Precept (Supplementary) [13]

  • Question by: Andrew Pelling
  • Meeting date: 21 March 2007
How can you say it is nothing to do with the Olympics when there is a £300 million request for money that you have agreed on behalf of Londoners? Surely that is not a straightforward statement that you have made there?

Olympics Precept (Supplementary) [12]

  • Question by: Bob Blackman
  • Meeting date: 21 March 2007
There seems to be a slight disagreement between you and Tessa Jowell in the sense that she has given the House of Commons an assurance that the profit in land values will go to pay the lottery, fund the LDA for the money actually paid out, and that will be it. Any other money goes back to the Government for regeneration schemes.

Olympics Precept (Supplementary) [11]

  • Question by: Dee Doocey
  • Meeting date: 21 March 2007
I have three questions. First of all, on the core budget, you have said that you have said all along that it was £2.375 billion plus £1.9 billion for regeneration. The last time we spoke on this I said there was no such figure as the £1.9 billion in the audit report and you said you would get your staff to show me where it was. You are now saying that the £1.9 billion is made up of the £1 billion for regeneration plus £728 million that is not now going to come in from the private sector. That is...

Olympics Precept (Supplementary) [10]

  • Question by: Damian Hockney
  • Meeting date: 21 March 2007
Just a final one, Mayor. You said in 2009 it would be your successor. Does that mean you are not going to stand in 2009?

Olympics Precept (Supplementary) [9]

  • Question by: Bob Blackman
  • Meeting date: 21 March 2007
In terms of the land disposals, you have given us some figures, a percentage increase in capital values. What is your current estimate of what land is going to be disposed of? How much land, and how much?

Olympics Precept (Supplementary) [8]

  • Question by: Richard Barnes
  • Meeting date: 21 March 2007
So would Stephen Pound {Labour MP], Mr Mayor, so would Stephen Pound!
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