Deputy Prime Minister John Prescott has explained why he and the government fully back Londons bid for the 2012 Olympic Games. The sporting spectacular, which occurs every four years would not only re-enforce London as a major world city, but will offer great scope for regeneration and new infrastructure, not to mention creating new jobs.

John Prescott said: "A successful bid for the 2012 games would accelerate the delivery of new homes and jobs in London. "The Olympics is not just about athletics