Leading article: On track

Two reports published today by the Commons Public Accounts Committee warn of the distance that London still has to go in preparing for the 2012 Olympics. One points out that, in sporting terms, much effort will have to be applied if Britain is to achieve its target of coming fourth in the medals table that year. The other notes that, while the building programme is "broadly on track", the uncertainties of the economy as a whole and especially the building sector could give rise to late, and costly, changes. It also identifies the lack of a plan for security.

There is nothing wrong with MPs keeping a beady eye on preparations for the London Olympics. Public statements by the Olympic authorities are not always very forthcoming or reassuring. But combine this with the natural tendency of Britons and Londoners to doubt the country's ability to bring big projects to satisfactory completion, and you have a recipe for gloom.

We suggest that too much negativity is as corrosive as an excess of confidence is foolhardy. We note that Beijing, while completing its facilities in good time, has now to scale back its ambitions for a rush of tourists; hotel prices are being slashed. We would also note that four years is ample time, whether in terms of fundraising, security provisions, or athletes' training.

Once the Beijing games are over, London will have the limelight to itself. This is when our Olympic authorities must start sharpening up their act, soliciting serious money and generating public enthusiasm. Right now, they should concentrate on whatever lessons Beijing has to offer. And the rest of us should cheer up. You never know, London might be a success.

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