London 2012 Olympics boost UK economy by ?10bn

View the article online at http://citywire.co.uk/wealth-manager/article/a692527

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by Alex Steger on Jul 19, 2013 at 07:58

The UK economy saw a ?9.9 billion boost?in trade and investment as a result of hosting the 2012 London Olympic games, a report has found.

The report for the government and Mayor of London said new contracts, additional sales and foreign investment were behind the boost.

Government research suggests that the?total benefit?to the UK of hosting the games could reach up to ?41 billion by 2020.

Prime minister David Cameron said: ?This ?9.9 billion boost to the UK economy is a reminder to the world that, if you want the best, if you want professionalism, if you want jobs done on time and on budget then you should think British.

?With companies across the country we are harnessing the Olympic momentum and delivering the lasting business legacy of the games that will help make Britain a winner in the global race.?

Source: http://www.citywire.co.uk/wealth-manager/london-2012-olympics-boost-uk-economy-by-10bn/a692527

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