The current financial climate and the aftermath of the recession has resulted in an increase in job losses throughout the country but despite this many of the major companies experiencing a financial dip are sponsoring the Olympic games. The extensive work being undertaken to get London ready for the games is being justified because of the influx of tourism and the opening of jobs for UK residents but is the UK likely to make a long term profit or will it sink us further into debt? As the initial budget of the games is expected to have increased tenfold, will the British taxpayer be left footing the bill?

This article by Tom Morgan on the website Money.co.uk explores the long term financial effects of hosting the Olympics based on previous countries profits and losses and also looks at the companies set to sponsor the games.

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