£11bn Olympics Benefit Target Met

Foreign investment and contracts won by UK firms have contributed to the four-year target being reached in just 12 months.

"UK Trade & Investment has played a key role in helping British companies maximise these opportunities and the result is a £11.06bn boost to the UK economy from the Games, reaching our four-year target in just over a year."

http://news.sky.com/story/1169425/11bn-olympics-benefit-target-met

So all those who said the Olympics were a big waste of money will now be issuing grovelling apologies and finally admitting that the Olympics where a good thing for UK plc

[Gary L]

Ok.

[denphone]

Originally Posted by martyh

http://news.sky.com/story/1169425/11bn-olympics-benefit-target-met

So all those who said the Olympics were a big waste of money will now be issuing grovelling apologies and finally admitting that the Olympics where a good thing for UK plc

Indeed but alas l am afraid some of the doomsayers will still say it was a waste of time and not worth it when in my humble opinion it was worth every penny.

[Osem]

Yep, the doom and gloom merchants got it very badly wrong and I think UK PLC will continue to benefit from the worldwide exposure of the best Olympics yet.

Originally Posted by Osem

Yep, the doom and gloom merchants got it very badly wrong and I think UK PLC will continue to benefit from the worldwide exposure of the best Olympics yet.

Went past the olympic village yesterday and it all looks full of busy ,here's an interesting site showing before and after shots

http://www.timeout.com/london/things...d-then-and-now

[Taf]

I wonder who got richer?

Originally Posted by heero_yuy

Whilst I would welcome the recoup of the monies spent on the games the linked article mentions a report but no authors are named. I'd like to know WHO's report this is.

If it's by the LOC then they would say that wouldn't they. Cause and effect in economics are rarely that closely linked.

The report is from the UKTI, not LOCOG.

http://www.ukti.gov.uk/uktihome/home/item/654760.html

[Osem]

Yes, anyone who hadn't seen what the area was like before 2012 might not appreciate just what's been done there. It's the same with Canary Wharf, in another life I worked on many of the derelict sites and run down areas in that part of London and the transformation has been amazing.

Originally Posted by heero_yuy

Whilst I would welcome the recoup of the monies spent on the games the linked article mentions a report but no authors are named. I'd like to know WHO's report this is.

If it's by the LOC then they would say that wouldn't they. Cause and effect in economics are rarely that closely linked.

I believe it is by these chaps

http://www.ukti.gov.uk/uktihome/media/item/654760.html

beaten by Hugh

[Osem]

Originally Posted by martyh

I believe it is by these chaps

http://www.ukti.gov.uk/uktihome/media/item/654760.html

beaten by Hugh

Did it hurt?

Originally Posted by Osem

Did it hurt?

could be worrying but it was not unpleasant

[nomadking]

Originally Posted by heero_yuy

Hugh and Martyh

Please excuse my scepticism but so many reports headlined in the press turn out to be wishful thinking or agenda pushing by special interest groups.

And the sceptics don't suffer from wishful thinking or agenda pushing?

Finally something labour got right then maybe there is hope for them.

[Osem]

Originally Posted by RizzyKing

Finally something labour got right then maybe there is hope for them.

Well they had 13 years trying so were bound to get something right amongst all the lies, spin and failures...

[TheDaddy]

Originally Posted by Taf

I wonder who got richer?

Put it like this, I doubt many who lived there before can afford to live there now