London’s 2012 Olympics organisers will consider cancelling the building of
temporary sports venue in Greenwich after a meeting with KPMG.
The KPMG report recommended cancelling the North Greenwich Arena 2, a
6000-seat building which would host badminton and rhythmic gymnastics, Paul
Deighton, chief executive of the games’ organising committee, said in a
presentation to the city’s legislative assembly,
‘We continue to look at ways to deliver the games and to save significant
amounts of money,’ Deighton told the assembly. The two sports could be moved to
an existing facility, though he didn’t say where.
After the games’ £9.3bn budget tripled from the 2005 bid estimate, games
officials pledged to control costs and organisers have yet arrange bank
financing for the construction of the 3000-apartment Olympic Village.
Plans to tackle criminals defrauding London’s councils have taken a major step forward with the appointment of CIPFA to provide data analytics for the London Counter Fraud Hu
Government services will be decimated if proposed reforms to IR35 in the public sector go ahead, a study has warned
CIPFA and EY form partnership to produce fully compliant accounts for local authorities
Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution