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The firm responsible for the Olympics security fiasco should forego its £54million management fee, a House of Commons committee has said.

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A damning report from the Home Affairs Committee today declared “flawed management” and “poor communication with staff” meant that G4S had no idea how badly their operation was going until it was too late.

The failure to provide enough staff led to thousands of extra military staff beign drafted in just days before the Games began.

The committee also recommended that G4S should compensate people who had been accredited to work at the Olympics but were not given shifts after the failure.

Home Affairs Committee chairman, Keith Vaz, said: “Far from being able to stage two games on two continents at the same time, as they recklessly boasted, G4S could not even stage one. The largest security company in the world, providing a contract to their biggest UK client, turned years of carefully laid preparations into an eleventh hour fiasco.”

Mr Vaz said the data supplied by the company was, at worst, “downright misleading,” and that bosses failed to inform the Home Secretary of any shortfall in staff.

He added: “Because of the swift actions of the MOD, Home Office and LOCOG, London enjoyed a safe and secure games. The taxpayer must not pay for G4S’s mistakes. G4S should waive its £57million management fee and also compensate its staff and prospective staff who it treated in a cavalier fashion.

“Their decision not to bid for Rio 2016 is the right one.”

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