London awaits Olympic effect on trade –


BEIJING, CHINA - APRIL 17:  Two Chinese women ...

BEIJING, CHINA – APRIL 17: Two Chinese women play near the Olympic rings sculpture and the torch of Beijing Olympic Games before the rehearsal of ceremony to mark 100-day countdown to London 2012 Olympic Games at the Olympic Park on April 17, 2012 in Beijing, China. The 100-day countdown to London 2012 Olympic Games falls on April 18, 2012. (Image credit: Getty Images via @daylife)

This is a good article from the FT. Check it out!

London awaits Olympic effect on trade –

Personally, I fear that there will be a very long wait for the pick up in trade.

Once the dust settles, serious attention will focus on the business case for the Olympics.

Will the UK Government release the full business and the forecast for all the unforseen costs, like soldiers called at the last moment, and special pay conditions for London’s Public Sector workers, like bus drivers?

What do you think?


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5 responses

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  4. I fear the so called “Olympic Bounce” is just so much Cameronian and Boris Johnson hot air but I am willing to reserve judgement pending the end of event medal tally (golds count but the rest isn’t good enough) and an accurate review of the balance sheet of total costs versus actual monies received.

    The FT on Monday 30th ran a front page story “Cameron put on Olympic trial” in which we are told “The World’s top business leaders are using their visit to the London Olympics to raise tough questions about the coalition’s management of Britain’s stagnant economy and the country’s vulnerability to a Euro breakup”.

    While David Cameron, Prime Minister, is trying to use the games as a showcase to boost UK trade and investment, Chief Executives from the US and Asia – many of them big investors in Britain-are privately voicing anxiety at the state of the economy.

    “Cameron is giving us a big sales pitch but we are not taking any notice of that, “said the head of an Asian multinational. We want to know what’s happening to the economy and what are the prospects for us.”

    None of this suggests that these seasoned businesspeople place any credence on the pronouncements of the Prime Minister and the fact that the Arab Sheikh owner of the Olympic Village has already said he will not sell prior to 2014 because “the conditions are not right” adds further weight to the informed view.

    Today (31st), we learn that visitor numbers are down by 200,000 from what they would normally be in London for this time of year but as the Australians say “It is not over until the fat lady sings” so the proper time to look Scrooge like at the balance sheet is the end of the Paralympic Games in September unless something very dramatic happens in the interim.

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