Will The 2012 London Olympics Benefit The UK Economy?

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Joshua Goucher

Will The 2012 London Olympics Benefit The UK Economy?

In this essay I will be presenting an unbiased view on the London Olympics and how it will benefit or not benefit the UK economy and then I will making a judgement on it according to the evidence given. The Olympics in London has been a very controversial issue due to the fact that lots of people have challenged the idea. The Olympics will cost an estimated price of £9bn. I am going to use secondary data such as figures given from the government to write this coursework.

For this coursework I must understand how the economy would work in this situation with the Olympics. I must understand government cost for this and what type of tourism the Olympics will bring and how tourism of this kind can affect economies on a national and local scale. I must also understand the how the government can create jobs for the economy.

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The Olympics in theory should be a positive thing for a company because temporary increase in population means that there are more people for the company to offer their services to. “Up to 30,000 construction jobs will have been created on the Olympic site in east London by 2012, according to the Olympic Delivery Authority (ODA)’’-http://www.building.co.uk/. this job creation which is pre olympics means that jobs are not just being created in 2012 but 4 years before the olympics. As the run up to them looms more jobs are set to be created to make 2012 a memerable olympic ...

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