Brits 'Duped' Over Olympic Pricetag

The projected pricetag of the 2012 Olympic games in London has more than doubled to $18 billion since the city was picked as host three years ago—and the British  government is being accused of deliberately low-balling estimates to sell the event to the public, the Guardian reports. A public spending watchdog says the original figure was completely unrealistic.

"It seems extraordinary that foreseeable costs were left out of the budget," he said. "Parliament and the public were undoubtedly misled over the true costs of the Olympic project."