In the months or even years preceding a huge national event, the press and public scream blue murder about everything that could possibly go wrong, or pretend to ignore the entire thing. Only the flagrantly uncool are brave enough to cheerlead throughout.
However, when the big day arrives, there is a sort of national cynicism armistice in which everyone gets behind the cause, even if only to enjoy the kitschy patriotism of it all. So it is with the Olympics....
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.