[OccupySheffield] Channel 4 News Factcheck: Will We Strike Olympic Gold This Summer?

[David Kirkham]

It’s notoriously hard to crunch the numbers on the economic impact of the Olympics. A £145m deficit? A £1.9bn surplus over 15 years – now wiped out by the soaring cost of the games? Take your pick. Even the lessons from the past are far from clear. Barcelona was supposed to have been deluged by tourists after it hosted the games in 1992. But Dublin and Prague both outperformed the Catalan capital as a tourist destination. Jeremy Hunt has hinted that George Osborne is running his slide rule over the figures again to try and conjure up an Olympics dividend. But the Treasury isn’t owning up to any such calculations. In the absence of more optimistic data, the safest assumption is that – depending on how Team GB does -  London 2012 might make us all feel better, but it’s unlikely to make us much richer
 
 
http://blogs.channel4.com/factcheck/factcheck-will-we-strike-olympic-gold-this-summer/9020



David Kirkham
Sheffield Uncut 
 
Occupy  
 
 
 


 		 	   		   		 	   		  
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