We won’t know the economic impact of the Olympics until the GDP figures for the third quarter of this year are released, but today both Boris Johnson and Downing Street tried to strike an upbeat note.
In his Telegraph column, the Mayor of London writes:
‘As we marvel at what they have done, and the general success of the Games so far, I want to issue a general word of caution to the Olympo-sceptics, who will be itching to return to their gripes. They will say there will be no increase in sporting participation, and no economic benefits, and that we will not succeed in regenerating east London. Well, just remember one thing, everyone. These Olympo-sceptics were proved decisively wrong about the Games. They will be proved wrong about the legacy as well.’
Johnson enlarged on this at a press conference this morning, where he said the early indications that the gains from the Games could reach £13 billion, saying that most people ‘will think the money well spent’.
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