Tag Archives: Olympic budget

UK’s Olympic win could leave London tourism a major loser

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The official agency behind promoting tourism for London has admitted that the 2012 Olympic Games could lead to a lull in visitors to the capital next year, which may have a damaging impact on the UK’s stuttering economic recovery.

London & Partners has acknowledged there “could be a problem” with people not wanting to come to London over fears, such as over-crowded transport, a lack of, or high prices for, hotel rooms, and the capital resembling a building site, from 1 January until the Olympics end on 27 August.

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British Olympic Association pretends Olympic budget is for regenerating East London

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Olympic chiefs are having a luxurious beano in handily located Acapulco Mexico to hear progress reports on the preparations for London 2012. British Olympic Association chief executive Andy Hunt was jubilant that the Con-Lib coalition  government had excluded the games from the recent drastic spending cuts.

Hunt told the audience that the Olympic budget of 9.28 billion pounds included “7.3 billion pounds for the regeneration of east London.”

“I think a two billion pound investment for staging the games feels about right and appropriate for what’s going to be a fantastic games.”

Why Acapulco? Well you have to travel a long way to find an audience who will believe that the London Olympic budget is being spent on anything other than the London Olympics. I dare Hunt to come here and tell East Londoners that nearly four fifths of the Olympic budget is being spent on them and only £2bn is going on the games.

Fancy a dip? Or getting your figures massaged? Or are you happy just lying on the beach?

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