BusinessCompany NewsFDs lend support to Olympic bid

FDs lend support to Olympic bid

Can the UK afford to host the 2012 Olympics?

Link: Manchester games hit target

Nearly two in three of those who responded to this week’s Accountancy Age/Reed Accountancy Personnel Big Question said ‘yes’ when asked whether the UK can afford to host the 2012 Olympics. By comparison, less than 3% thought it would be impractical for a London bid to go ahead.

Talking about the current political situation, one financial director said: ‘If we can afford to go to war then we can afford the Olympics. This is a big cultural event and is very important.’

Mark Long, director at Said Business School, said hosting the games would raise the profile of the country, as long as it is done properly.

Of those doubting the merits of such a bid, the concerns were mainly due to issues that are a constant problem. ‘I don’t feel the infrastructure is there,’ said John Buckley, FD at Sauter Automation. ‘London won’t be able to take the transport strain. It would be an expensive embarrassment.’

In a similar vein, another said: ‘History and experience shows us that the UK has problems in arranging events of this size.’

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