The Olympic Precept was put in place by Tessa Jowell when she was in charge of the Olympics as the Secretary of State for Culture, Media and Sport in the Labour government. It has been costing London council tax payers about £20 a year since 2006 and is due to come to an end next year.
Famously Ken Livingstone likened the £20 a year levy to being the equivalent of a Walnut Whip or 38p every week. This was typical of Livingstone’s careless, jocular approach to taking your money.
In his last budget the London Mayor, Boris Johnson, promised to give the money back to Londoners in the shape of a cut in the GLA Precept (which is added to council tax bills and collected by your local council on behalf of the GLA). The budget document says:
— Tessa Jowell (@TessaJowell) August 24, 2015
Labour’s leading candidate to be the London Mayor, our Tessa, has been promising to put £61 million into Sure Start. She lays claim to the original programme but is less keen to lay claim to the Olympic Precept we have been paying for ten years in London. Now she says she doesn’t want to let this cash go. Although she fails to spell it out clearly what she is proposing is that the £61 million will be paid for by adding £20 a year on your council tax, £20 that Boris has promised to stop taking from you. Tessa wants to keep your £20.