Mayor says no tax rise for Games
From BBC News:
http://news.bbc.co.uk/1/hi/england/london/6452865.stm Interesting bit: BBC London's political editor Tim Donovan said Mr Livingstone may raid Transport for London reserves and use a £200m loan he has taken out for transport improvements in east London to help find the £300m. So it looks like there could be cuts in transport for the Olympics. What do you think will be cut? IMHO one of the DLR projects (replacement of the North London Line or 3 cars upgrade). Or may be even some other TfL project outside East London :-S |
Mayor says no tax rise for Games
On 15 Mar, 17:00, "alex_t" wrote:
From BBC News: http://news.bbc.co.uk/1/hi/england/london/6452865.stm Interesting bit: BBC London's political editor Tim Donovan said Mr Livingstone may raid Transport for London reserves and use a £200m loan he has taken out for transport improvements in east London to help find the £300m. So it looks like there could be cuts in transport for the Olympics. What do you think will be cut? IMHO one of the DLR projects (replacement of the North London Line or 3 cars upgrade). Or may be even some other TfL project outside East London :-S That's an interesting story, though I'd to know more information before forming an opinion - my grasp on TfL's finances and the cost of upcoming projects is pretty loose at the best of times, so it's difficult to able to put that sum in perspective with regards the wider picture. However I'm pretty sure that the DLR is committed to both the three car upgrade project and the Stratford International Extension project (i.e. the NLL takeover), not least because both are pretty critical with regards to the Olympics and the associated regeneration. Perhaps potential future DLR extensions further east, or the East London Transit might be put on the back burner. Or the West London Tram - IMO it's would be a good thing, but the burghers of Ealing seem distinctly mixed in their opinions of it, so perhaps that'll be nixed (at least for now). The problem with the budget for the games is that, as far as I can make out, no-one really thought we'd win it so the original bid wasn't realistic. As a born and bred Londoner I think it's absolutely great that it's coming to London, and it seems that the various announcements today regarding decisions on the funding of the games should mean that the resulting turbulence is by and large dealt with now rather than later. |
Mayor says no tax rise for Games
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Mayor says no tax rise for Games
In message . com,
Mizter T writes The problem with the budget for the games is that, as far as I can make out, no-one really thought we'd win it so the original bid wasn't realistic. As a born and bred Londoner I think it's absolutely great that it's coming to London, and it seems that the various announcements today regarding decisions on the funding of the games should mean that the resulting turbulence is by and large dealt with now rather than later. Agreed... I'm with you brother Mitzer ;) -- Steve Fitzgerald has now left the building. You will find him in London's Docklands, E16, UK (please use the reply to address for email) |
Mayor says no tax rise for Games
Its probable that a certain amount of tourist income will be generated, but experience shows that it usually falls well short of the estimates (remember those thousands of empty seats in the broadcasts from Athens?). There are many other ways that the money will be returned - one of the major is cost of broadcast rights. Plus selling the new flats in Olympic village, etc. |
Mayor says no tax rise for Games
As a born and bred Londoner I think it's absolutely great that it's coming to London, and it seems that the various announcements today regarding decisions on the funding of the games should mean that the resulting turbulence is by and large dealt with now rather than later. Well, I live in London only for a year (and 15 days), but I totally support the Olympics ;-) Besides, something *must* be done with local wastelands... |
Mayor says no tax rise for Games
On 15 Mar, 21:25, "alex_t" wrote:
As a born and bred Londoner I think it's absolutely great that it's coming to London, and it seems that the various announcements today regarding decisions on the funding of the games should mean that the resulting turbulence is by and large dealt with now rather than later. Well, I live in London only for a year (and 15 days), but I totally support the Olympics ;-) Besides, something *must* be done with local wastelands... Good stuff. Of course I didn't mean to imply that only born and bred Londoners can support the Olympics, or indeed that only those who are born and bred are Londoners! But when does a Londoner become a Londoner is a long conversation, best enjoyed over a pint of London Pride in a solid London public hostelry... or some other refreshment that's to your taste in an establishment of your choosing (with a shisha in a Little Lebanon cafe perhaps)... some have said that being a Londoner comes as a sudden flash of revelation whilst out walking along the Thames or staring out over the sweeping skyline from an elevated vantage point... this post is creeping off topic so I'll finish it there! |
Mayor says no tax rise for Games
On 15 Mar 2007 10:00:48 -0700, "alex_t"
wrote: From BBC News: http://news.bbc.co.uk/1/hi/england/london/6452865.stm Interesting bit: BBC London's political editor Tim Donovan said Mr Livingstone may raid Transport for London reserves and use a £200m loan he has taken out for transport improvements in east London to help find the £300m. I think you'll find he won't be able to do that without there being severe consequences. The Treasury would leap on any misuse of the specially granted powers to raise open market finance - they're just looking for any excuse to reign in any perceived loss of their much vaunted control. The other consequence is that TfL's credit rating would be damaged if reserves were raided and also if money raised from bonds for transport were used to pay for the Olympics. What return would TfL earn from funding the Olympics by stealth that would give an income stream to pay those who have taken out "TfL bonds"? The further effect is that any future bond offer would be more expensive due to a poor credit rating and less likely to be taken up if there was uncertainty. Thus far TfL's financial position and controls has been sufficiently good to make the extra financing effective and attractive. I really cannot see the Mayor wishing to jeopardise such an important additional power that he has gained after much fighting with Central government. So it looks like there could be cuts in transport for the Olympics. What do you think will be cut? IMHO one of the DLR projects (replacement of the North London Line or 3 cars upgrade). Or may be even some other TfL project outside East London :-S None of them IMO. DLR is a huge success story and much of the work is committed contractually or about to be so. Ken needs every success he can get his hands on. Overground is a hugely important scheme for TfL and the Mayor - politically it is absolutely vital for Ken and also the Labour Party. It simply will not be stopped given all the work that has been done. Phase 2 might get delayed but I am sceptical about that because if Overground is shown to work well in the early stages then the clamour for a full "circle" will be huge. The only scheme that is likely to go is East London Transit and that's simply because Barking council won't allow it to run through the town centre. Therefore there will probably just be a slightly improved route 369 instead. The savings are also small in the greater scheme of things. -- Paul C Admits to working for London Underground! |
Mayor says no tax rise for Games
And what may I ask are these things going to do for the poor and homeless of London . Nothing*. Just as they would get nothing if those money wouldn't be spent for the Olympics. * - well, may be nicer landscapes |
Mayor says no tax rise for Games
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Mayor says no tax rise for Games
They will generate a great deal more homeless and poor, if history is any guide. Rents in London are already extremely high - noone really poor cannot afford them already. The only potentially damaging change would be rise of the council tax - but so far it was promised that it won't increase for the Olympics. Salt Lake City promised 2500 units of low-cost houing; only 150 were delivered, and prices for residential hotels increased 300%. The year before the Sydney Olympics, tenant evictions increased by 400%. In Atlanta, Project Homeward Bound gave the homeless a one-way ticket out of town before the Olympics began. In Calgary, none of the promised low-cost housing units were delivered, only a few university dorms. All those places had quite low housing prices to start with. Not Olympic-related, but Habitat 67, a low cost housing project for the 1967 World Fail in Montreal, became luxury condominiums. It was planned as "affordable" housing, not "cheap" housing. And it was planned to be several sizes of what was originally build - thus inflating the prices. And how will London's £600 million security budget be spent? In racist repressions, most likely. Paranoid much? Never gonna happen. Laws were passed in Sydney to allow increased surveillance, search and seizure, and military involvement in law enforcement, just for the Olympics, but, surprise!, they are still in force. Don't worry, UK is already surveillance society - nothing to change here. I lived in Montreal for the 1976 Olympics - great party, but the bill was only finally paid off in 2002. Yes, that were the most expensive Olympics in history, coupled with very bad management - not typical for the most other Olympics. I lived in Calgary for the 1988 Olympics - great party but a $910 million debt, and no measurable long-term economic benefit. Wrong! It turned a profit of around $150 million + significant regeneration of the city. Sydney was proud to host a "self-financing" Olympics in 2000 but still got burdened with a $2.3 billion debt. Pure speculation. Did you read article by Maryann Abbs and really believed it? And now London's TfL budget is being raided to finance construction costs, but they also have to deliver better public transportation for the games? WTF? Well, that was only speculation of journalist. The BBC one. |
Mayor says no tax rise for Games
"Marc Brett" wrote in message ... And now London's TfL budget is being raided to finance construction costs, but they also have to deliver better public transportation for the games? WTF? Of course, what may actually happen is that the ODA will directly fund transport improvements, like the £104m announced today for Stratford Regional: http://news.bbc.co.uk/1/hi/england/london/6457359.stm Paul |
Mayor says no tax rise for Games
On Thu, Mar 15, 2007 at 02:25:21PM -0700, alex_t wrote:
Well, I live in London only for a year (and 15 days), but I totally support the Olympics ;-) Then may I politely suggest that if you think they're such a great idea you pay for them? I certainly don't want to. Until you and like-minded people do that, I will vote for *any* political party that promises to cancel the games. -- David Cantrell | Hero of the Information Age What profiteth a man, if he win a flame war, yet lose his cool? |
Mayor says no tax rise for Games
Then may I politely suggest that if you think they're such a great idea you pay for them? I certainly don't want to. Well, amazing logic. So... can I get a refund of all my National Insurance contributions? (as a migrant on work permit I cannot get any benefits, so why should I pay NI?) Also I'd like to get some of my taxes back, especially the part spent on roads (as I don't have a car), trains (as I don't use them), buses (don't use 'em either), child support benefits (as I don't have a family). And back in the real work - I live in London and pay my council tax in full, so I guess I already pay for the Olympics in some way. I also suffer from constant construction work - as I live on the border of the Olympic park site. Until you and like-minded people do that, I will vote for *any* political party that promises to cancel the games. It is certainly not up to me to decide whether Olympics should be in London (not to mention that I can't vote). |
Mayor says no tax rise for Games
You know up here in Lancashire we got all this claptrap about some big games and athletics fiasco that was being held in Manchester maybe a couple of years or so ago ,was it the commonwealth games or something ? . Oh yes the fiasco was going to do wonders for the city of Manchester and would place no burden on the tax payers of Manchester in the event the fiasco did bugger all for Manchester except cause a lot of traffic congestion cost a mint in police resources and also put up the council tax for the people of Greater Manchester and two of the built venues are now unoccupied and dropping to pieces . Commonwealth games is minor event, which is not known outside Commonwealth (and I suspect not very popular inside Commonwealth too). Olympics are one of the most well known sport events with genuine interest worldwide. WHY ?????? . Because they stink! |
Mayor says no tax rise for Games
On Fri, 16 Mar 2007 11:37:13 +0000, David Cantrell
wrote: Until you and like-minded people do that, I will vote for *any* political party that promises to cancel the games. You will vote for a political party that promises to do something that, legally, it can't? |
Mayor says no tax rise for Games
To you and all people like you I have only one thing to say if you do not like the way you are treated in this country because no one asked you to come here . Please, elaborate, who exactly do you include in category of "people like me"? And in case if you didn't get my point from the original message - I was making a joke in response to David Cantrell's message. I find his suggestion to me quite stupid, since nobody has ultimate control over spending of their tax contributions (and in case if I still need to spell this out - I am paying all taxes, and not complaining). |
Mayor says no tax rise for Games
Although I may not feel any direct attack on my wallet due to the games I feel sure this poxy government will invent some devious scheme to get more cash out of us all to help with the funding of the fiasco. Hear hear! |
Mayor says no tax rise for Games
Well known for causing extra financial commitments for the host country the UK cannot afford to buy the games so it shouldn't. End of story. Well, actually - to be completely fair I'm slowly drifting to the same point of view: 1. The games could be managed much better (reusing existing venues, spreading venues around the country, etc). 2. There could be much more commercial sponsorship (as far as I remember last Olympics in the US were finances without any tax-payers money used). One could imagine banks with their super-profits participating in that. 3. And of course ability of New Labour to mess everything hardly adds any optimism. But still - Olympics are fun and interesting event. I was actually conceived during 1980 Olympics in Moscow ;-D |
Mayor says no tax rise for Games
alex_t wrote:
Well known for causing extra financial commitments for the host country the UK cannot afford to buy the games so it shouldn't. End of story. Well, actually - to be completely fair I'm slowly drifting to the same point of view: 1. The games could be managed much better (reusing existing venues, spreading venues around the country, etc). 2. There could be much more commercial sponsorship (as far as I remember last Olympics in the US were finances without any tax-payers money used). One could imagine banks with their super-profits participating in that. 3. And of course ability of New Labour to mess everything hardly adds any optimism. But still - Olympics are fun and interesting event. I was actually conceived during 1980 Olympics in Moscow ;-D For some reason this conjures up in my mind the image of a couple in Cricklewood. "Nothing on the telly except the bloody Olympics from Moscow", and they retire upstairs for something "fun and interesting" .... ;-) -- Richard J. (to e-mail me, swap uk and yon in address) |
Mayor says no tax rise for Games
On Fri, 16 Mar 2007 07:40:04 +0000, Marc Brett
wrote: On Thu, 15 Mar 2007 22:18:15 +0000, wrote: On 15 Mar 2007 14:17:59 -0700, "alex_t" wrote: Its probable that a certain amount of tourist income will be generated, but experience shows that it usually falls well short of the estimates (remember those thousands of empty seats in the broadcasts from Athens?). There are many other ways that the money will be returned - one of the major is cost of broadcast rights. Plus selling the new flats in Olympic village, etc. And what may I ask are these things going to do for the poor and homeless of London . They will generate a great deal more homeless and poor, if history is any guide. Salt Lake City promised 2500 units of low-cost houing; only 150 were delivered, and prices for residential hotels increased 300%. The year before the Sydney Olympics, tenant evictions increased by 400%. In Atlanta, Project Homeward Bound gave the homeless a one-way ticket out of town before the Olympics began. In Calgary, none of the promised low-cost housing units were delivered, only a few university dorms. (Not Olympic-related, but Habitat 67, a low cost housing project for the 1967 World Fail in Montreal, became luxury condominiums.) Being a bit blunt I doubt we would be as crass as North America / Canada in how we deal with any similar issues. And how will London's £600 million security budget be spent? In racist repressions, most likely. In Los Angeles, 1984, the black communities surrounding the olympic sites were cordoned off and police required IDs from everyone entering or leaving the areas. Similar arrangements for Atlanta, 1996. Muslims in Athens, 2004, were subjected to increased surveillance in their mosques, and mass document checks. Amnesty International said "security for the 2004 Olympics is used in Greece as a pretext to systematically break international treaties on the right to refugees". Laws were passed in Sydney to allow increased surveillance, search and seizure, and military involvement in law enforcement, just for the Olympics, but, surprise!, they are still in force. I expect we've already got all the repressive legislation already courtesy of having people blow themselves up on our Tube network. You cannot ignore the facts that the Olympics are a huge and attractive target for terrorists and also that London and the UK are also a target. While I take the point about repression and would be against racist and disproportionate action we still have to recognise that money has to be spent to control, mitigate or remove the risk of such attacks. I lived in Montreal for the 1976 Olympics - great party, but the bill was only finally paid off in 2002. I lived in Calgary for the 1988 Olympics - great party but a $910 million debt, and no measurable long-term economic benefit. Sydney was proud to host a "self-financing" Olympics in 2000 but still got burdened with a $2.3 billion debt. I don't doubt there will be a debt post the Olympics but I expect it will take less time to pay off than for a number of other cities given the strength of London's economy and its projected growth well beyond 2012. Assuming Ken is still around as Mayor I think the requirement to secure proper regeneration will be followed through. There are other important factors like CTRL at Stratford and the effect of Docklands and Thames Gateway expansion / regeneration that mean that regeneration at the Olympic sites are more likely to succeed than other cities. I recognise there is a risk that it may not be so we'll have to wait and see and one of us can say to other "I told you so". And now London's TfL budget is being raided to finance construction costs, but they also have to deliver better public transportation for the games? WTF? Complete and utter speculation by journalists. For reasons I have outlined elsewhere in the thread there are too many risks to TfL's continued capital funding for people to play "fast and loose" with TfL's budgets and reserves. I can see the PR spin now -- "Complaints have been raised that cash fares are far in excess of Oyster fares. To make the system fairer for everyone, Oyster fares, as of next week, will rise to the level of cash fares, which are also going up by an amount only modestly higher than inflation. This will help make the Olympic experience the best that it can be for residents and tourists alike. This is a temporary measure, and will last only as long as we are paying off the Olympic debt." The Mayor has said the exact opposite of this both prior to and after the £9bn cost announcement. The Mayor would also be unable to weather the political storm that would follow if he was mad enough to take such a step. Ken is many things but politically stupid / suicidal he is not. -- Paul C Admits to working for London Underground! |
Mayor says no tax rise for Games
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Mayor says no tax rise for Games
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Mayor says no tax rise for Games
In article ,
wrote: To you and all people like you I have only one thing to say if you do not like the way you are treated in this country because no one asked you to come here . What - purely theoretically speaking of course - would you say to those of us whose mothers were resident in the UK at our birth, but who still disagree with paying for the Big O's ? I just hope they really do manage to bring more into the country than they are costing, in which case we will indeed have a net national win. But we won't know until afterwards. Nick, uncharacteristically lenient in the use of the K key tonight -- http://www.leverton.org/blosxom ... So express yourself |
Mayor says no tax rise for Games
For some reason this conjures up in my mind the image of a couple in Cricklewood. "Nothing on the telly except the bloody Olympics from Moscow", and they retire upstairs for something "fun and interesting" ... ;-) LOL |
Mayor says no tax rise for Games
Re using exiting venues yes but spreading around the country no would you wish a cancer to be spread around your body eating away all your flesh no course you wouldn't and of course do what surgeons do and cut the damn thing out where ever possible . Cancer? Come on! It is just a sport event. Please yourself :))))))) . :) |
Mayor says no tax rise for Games
And to reiterate once again - my original message was a not-so-good attempt at sarcasm I guess I should react less to trolls :-/ |
Mayor says no tax rise for Games
None of them IMO. I hope that you're right. |
Mayor says no tax rise for Games
On Fri, Mar 16, 2007 at 01:25:15PM +0000, James Farrar wrote:
On Fri, 16 Mar 2007 11:37:13 +0000, David Cantrell wrote: Until you and like-minded people do that, I will vote for *any* political party that promises to cancel the games. You will vote for a political party that promises to do something that, legally, it can't? Why can't it? -- David Cantrell | A machine for turning tea into grumpiness What is the difference between hearing aliens through the fillings in your teeth and hearing Jesus in your heart? |
Mayor says no tax rise for Games
On Mon, 19 Mar 2007 10:56:19 +0000, David Cantrell
wrote: On Fri, Mar 16, 2007 at 01:25:15PM +0000, James Farrar wrote: On Fri, 16 Mar 2007 11:37:13 +0000, David Cantrell wrote: Until you and like-minded people do that, I will vote for *any* political party that promises to cancel the games. You will vote for a political party that promises to do something that, legally, it can't? Why can't it? Because LOCOG has signed a contract with the IOC. |
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