London Olympics organisers look set to scrap one games venue amid urgent calls to shave the £9.3bn budget by moving some sports to existing arenas. The move has been recommended by KPMG, the consultants, which were called in to conduct a review amid pressure to cut costs.

KPMG’s suggestions include abandoning plans for a temporary 6,000-seater venue in Greenwich, which was to house badminton, rhythmic gymnastics and other sports.

David Higgins, chief executive of the Olympic Delivery Authority, which is overseeing construction, said Wembley Arena was being considered for badminton. Shooting would remain at Woolwich but the venue was being scrutinised for cost savings.

The Olympic board yesterday discussed both venues but took no final decision.

Financial Times