Financial Times FT.com

Olympic lottery funding to end

By Jim Pickard

Published: January 16 2008 04:13 | Last updated: January 16 2008 04:13

No more National Lottery money will be used to pay for the 2012 Olympics, the government pledged on Tuesday, as it defended the surrender of a further £1.1bn ($2.1bn) of lottery money to the games.

The transfer of the cash, backed on Tuesday night by MPs, will take the total Olympics funding from the lottery to about £2bn.

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