The Olympics

The Olympics


News, information and stories about the Olympic Games.

Wednesday, 31 January 2007

The Olympic Fiasco

The furor surrounding the farcical preparations for the 2012 London Olympics is growing.

A report from the National Audit Office (NAO), due to be issued on Friday, will demand as "a matter of urgency" that the Treasury sets a final budget for the Games.

It seems incredible that an event of this size, and prestige, does not actually have professional budget. However, we should remember that this is a project put together by politicians. Politicians should never be entrusted with large scale projects or financial budgets.

The report notes that, without a final budget for the Olympics, it will be almost impossible for the auditors to assess whether it is likely to be managed properly and whether it is good value for money.

I would suggest that the lack of budget will give the politicians exactly what they want, a large degree of wiggle room when things go wrong.

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