THERE can be no doubt in anyone’s mind we are facing a period of increasing uncertainty over what is going to happen to our savings and jobs in the months and years ahead.

The Government is now telling us not to spend extravagantly.

I think savings should start at the very top, and if we want to save billions we should immediately stop wasting any more money on the 2012 Olympic Games.

My reason for this view is that the private sector, which was supposed to make up a large proportion of the building costs and so on, is no longer able to do so and therefore we poor old taxpayers will be forced to pay instead.

You remember Ken Livingstone’s cynical joke the cost per head would work out at about the price of a chocolate egg?

Well the cost now will be a lot more than this, and don’t forget only London taxpayers are paying anyway.

Let’s be honest — the cost being touted around now for these Games is £9.3bn.

Do you remember when the cost originally quoted was £2.8bn?

How much more do you think the final cost will be? And please do not let politicians say it is too late to stop now.

We need this money to pay our mortgages, pay our rent, run our cars, buy our food — the list is endless.

Peter Phillips
Address supplied