Paul Deighton speaks

In October Paul Deighton, chief executive of the London Olympics Organising Committee, told the Culture, Media and Sport Committee: "We are certainly confident at this stage that the sources of revenue are sufficient to leave us at the organising committee with revenues that will match our expected expenditure.
In November they realised that they hadn't included VAT in their accounts.
Are these people fit to run the cake stall at a church bazaar, let alone a multi-billion pound international project with tight deadlines which will humiliate Britain when it fails?