Olympics To Benefit UK Economy

05 July 2012 11:00am - Lucy Williams

    



Olympics To Benefit UK Economy

It was revealed today that the Olympics and Paralympics 2012 Games will boost the UK’s weakened economy by £13 billion. David Cameron believes that the Games will be successful not only for British nationalism but more importantly and advantageously in strengthening the UK economy which so desperately needs it. However the statistics given by Cameron have been met with uncertainty. Many believe that the UK economy is not fit to handle the Olympics and that staging such an event will impact our economy in a way that cannot be overlooked.

It has been said that the Olympics will benefit the economy through means such as increasing the country’s GDP from tourism and construction. Additionally the Olympics are estimated to be able to sustain nationwide employment across Britain for years to come. The rate of unemployment in the UK, and indeed globally, is on the increase and a worrying matter and so the idea of the Games supporting future employment is a positive notion and economically advantageous.  Cameron stated that the five year ‘legacy’ period (i.e. the following years after hosting the Games) will be an opportunity to truly benefit from staging the Olympic Games as it is in these years when the UK economy will gain £13bn, a profit from the original £9bn so far spent on organising the Games.

Having spent the time, money and energy on the Games, Cameron is determined to ensure that such efforts are a boost for Britain. The Olympics are set to not only benefit the economy during the games but for many years after, a real gain and much needed positive outcome for a flailing economy.

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