Latest information puts the total bill at a staggering £750m, making it arguably the most expensive sporting stadium ever to be built – anyone who has tried to buy a house in London knows how expensive it can be.
But the cost of building a new national football stadium smacks of the ridiculous.
Consider this: the City of Manchester Stadium, used to host the recent Commonwealth Games and now being converted into a 48,000-seater for Manchester City Football Club cost £110m to build, while Cardiff’s 72,000-capacity Millennium Stadium, which has substituted for Wembley since 2000, cost a measly £121m.
And speaking of cost-cutting – Sunderland FC’s 48,000-seater Stadium of Light cost a paltry £23m!
But an even more frightening scenario awaits: in October 2000, the cost of the stadium was put at £660m, in July this year it had risen to £715m.
Now it’s £750m. If politicians continue to squabble over Wembley for much longer, the prospect of the first ever £1bn football stadium does not seem like a far-fetched idea!
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation