It's going to be even worse than we thought

If ever further confirmation were needed that anything of importance in the hands of Londoners is doomed to failure, it came this week as the logo for the London 2012 Olympics was unveiled.



Already over budget, Seb Coe's Olympic kitty is a further £400,000 lighter after turning to a design agency to create the "iconic brand" that "takes our values to the world beyond our shores, acting both as an invitation and inspiration." Of course, because in the UK, we value odd bright pink shapes that don't spell out what they are supposed to spell.

If the logo wasn't pathetic enough in itself, it now emerges that the accompanying video to showcase the logo is guilty of causing epileptic fits. Someone, somewhere, forgot to check that the video could legally be broadcast in the first place. Words fail me.

And this is all before they have even laid a brick. The aquatics centre is already went twice over budget just six months after a bloke from the IOC in Singapore said the word "London" and the overall budget, as estimates stand today, is in excess of £9bn - that's before you factor in any further increases in the cost of steel and other raw materials.

London 2012, before it has even started, is destined to be a bigger disaster than the 1976 games - and it took the citizens of Montreal 31 years to repay that debt.