• Uncategorized

    The London Olympics: the economic impact #2

    Data on the impact of the Olympics on the UK economy continues to trickle in. The Office of National Statistics reported this week that overseas residents completed an estimated 3.2 million visits to the UK in July 2012, a fall of 5 per cent compared with a year earlier. Earnings at £2.0 billion, were down 6 per cent. The London Olympics opened on 27 July and closed on 12 August. Most visits to the UK for the Olympics will have been completed in August and will therefore not be reflected in this July publication. Read more Retailers should have anticipated the fall in sales Hugh Robertson, Olympics minister, said: “The…

  • Uncategorized

    The London Olympics: the economic impact

    I have written about the London Olympics and the spirit and achievement they represent, for the athletes, the volunteers and the organisers. They were wonderful and the Paralympics perhaps more so. There  is a separate set of issues which arise about the economic impact of The Games. The case for the London Olympics was largely based on the legacy and the economic benefits. To be critical of the economic case is not to be critical of the athletes nor the Olympics festival. One can celebrate The Games and query the economic costs. Any party costs, there is a legacy, the feel good factor and the bills. Over the next few…

Enjoy this blog? Please spread the word :)

RSS
Follow by Email
Facebook
Facebook
Google+
https://haroldgoodwin.info/2012/09">