Forecasting financial disaster Olympics 2012
April 6, 2006 10:49 AM Subscribe
Government error in contemporary British history is the stuff of legend and when it comes to the 2012 Olympics can I be on my own in forecasting financial disaster? This morning's announcement that "little can be built until the site's 50 electric pylons are removed" in 2008 comes hot on the heels of an understated Olympics budget which, four days ago, is revealed to be 'short by £2bn.' I am v.fortunate to live in the UK and there is no doubt this government is v.good at bookkeeping; but grandstanding a world event? Not a chance. Discussed in these parts last year, Britain is not good at world class marketing or brand .. management; Britain is not good at capital projects, and Politicians, bureaucrats ... milking the Olympic Games, says London's mayor. I understand but two Olypics have seen modest profit and Britain badly needs Hollywood or Coca-Cola® to make a success of this.
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