07 November 2006

Has anyone seen the VAT?

I imagine that they will sack some lowly accounting clerk (that's "clark" to you Americans) over this. It seems that budget put together for the 2012 London Olympics seems to have one wee omission. They forgot to include the VAT on the construction costs. Oops!

The impact to the total cost of hosting the games; a mere one billion pounds. That comes to about £135 per capita on London council tax. All because someone accidentally deleted a line on a spread sheet.

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