Russia to host 2018 World Cup

clock

England has missed out on hosting the 2018 World Cup, after FIFA awarded the prestigious prize to Russia.

The announcement, made minutes ago in Zurich, came despite heavy lobbying from David Cameron, Prince William and David Beckham. In addition, FIFA has named Qatar as the host of the 2022 World Cup. A study by PricewaterhouseCoopers earlier this year suggested a net positive impact of £3.2bn to the UK economy in the summer of 2018 if the World Cup was held here. In a letter to the Telegraph earlier this year, some of the country's most well-known business leaders and entrepreneurs, including Lord Sugar and Sir Martin Sorrell, backed the bid. They said: "The tournament will create ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

'Wait and see approach'

Michael Nelson
clock 05 February 2026 • 2 min read
Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

'Catalyst' for rapid repricing

Alex Sebastian
clock 04 February 2026 • 4 min read
Partner Insight: A new VCT landscape - what advisers need to know after the Budget

Partner Insight: A new VCT landscape - what advisers need to know after the Budget

For professional advisers and paraplanners only. Not to be relied upon by retail clients.

Toyin Oyeneyin, Tax Product Specialist, Octopus Investments
clock 19 January 2026 • 5 min read