The Elusive Economic Lift of the Olympics – NYTimes.com

 

English: Mayor of London, Boris Johnson poses ...

English: Mayor of London, Boris Johnson poses for a photo prior to ringing the opening bell at NASDAQ on September 14, 2009. (Photo credit: Wikipedia)

The Economix blog at the NYT takes a look at the economic benefit of the Olympics. Check it out!

The Elusive Economic Lift of the Olympics – NYTimes.com.

Over the coming months, the media will relentlessly ask questions about the economic benefits, when there are so many other pressing economic and social challenges.

Personally, I fear that it will be an increasingly challenging time for UK Prime Minister, David Cameron and Chancellor George Osborne. I sense that London Mayor, Boris Johnson, will gain a political bounce. Perhaps, backbench Tory MPs will press for a change of leadership?

What do you think?

 

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Fears of a third quarter of recession add to Osborne’s woes – Business News – Business – The Independent

CARDIFF, WALES - MARCH 05:  Chancellor George ...

CARDIFF, WALES – MARCH 05: Chancellor George Osborne speaks at the Conservative Spring Forum on March 5, 2011 in Cardiff, Wales. As part of his speech Chancellor George Osborne announced 10 new enterprise zones in England to boost growth. (Image credit: Getty Images via @daylife)

The Independent newspaper picks up on fears for the UK economy. Check it out!

Fears of a third quarter of recession add to Osborne’s woes – Business News – Business – The Independent.

Even the excitement of the Olympics is unlikely to hide the news of a third quarter of recession, putting increased pressure on UK Chancellor George Osborne and the failure of his Plan A. Increasingly, there are pressures for him to be replaced, and even Tory grandees like Lord Lawson are questioning his judgement.

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