HC Deb 13 January 2003 vol 397 c421W
Mr. Andrew Turner

To ask the Secretary of State for Culture, Media and Sport (1) if she will make a statement on her policy on applying HM Treasury's Green Book assumptions, and the appropriate assumptions for inflation, when calculating the cost of staging the 2012 Olympic Games; [89582]

(2) what measurable financial return on public investment she seeks in assessing the viability of bidding for the 2012 Olympic Games. [89580]

Mr. Caborn

The Government use the guidance and procedures issued by the Treasury in their Green Book, (Appraisal and evaluation in Central Government 1997), in assessing the value of bidding for and staging the 2012 Olympic Games. This analysis complements an estimate of the cash flow for future public expenditure planning, which allows for inflation, which we are also undertaking.