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.’

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor