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 a stunning decision, FIFA has also given the 2022 World Cup to Qatar. 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. Hexam Capital partner Marina Akopian says the World Cup win could help change outside perception of Russia. "It is somewhat difficult to fully understand the benefits to Russia but it certainly will put the country mor...
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