£9 Billion for 2012

[geodavies]

We could have given that money to the dole scroungers.....

 

[Hyperion]

Olympics ‘will have paid for itself by 2021′ | London Spy - Yahoo! Eurosport UK

 

[Czechmate]

We could have given that money to the dole scroungers.....

Could of bought us all the speculated transfer deals on NSC coming to the Amex , although would be close !

 

[sir albion]

No country makes a profit from the Olympics,but to be fair it's not about the money

 

[seagullsovergrimsby]

If the Olympics don't break even in 10 years it will be something else that can be blamed on Blair and Brown

 

[Frutos]

Worth every penny IMO.

It has been a FANTASTIC two weeks in every sense.

 

[Questions]

If you throw a party and invite everyone you can't expect to be up on the deal. You have to put on a spread,that is what the host does. It is not just about money it is about peoples dreams, memories and moments in time that no one who loves sport will ever forget.

 

[Tony Towner's Fridge]

We spend £120b on the NHS and £200b on Social Services each year; so £9bn or 3% of the aforementioned total, whilst possibly paying for 90,000 nurses or 13 consultant anaesthetists does seem small beer in my book.
The rewards will be seen in 2020 and 2024 of that I have no doubt.

TNBA

TTF

 

[Gritt23]

What I don't understand is why all the detractors make it sound like the money was set alight, as part of the Olympic flame, when the reality is that it has been injected into the economy. The money has been spent on the stadia, which is money to construction firms, which is money to designers, subcontractors, material suppliers, transport companies etc etc etc.

 

[dingodan]

What I don't understand is why all the detractors make it sound like the money was set alight, as part of the Olymic flame, when the reality is that it has been injected into the economy. The money has been spent on the stadia, which is money to construction firms, which is money to designers, subcontractors, material suppliers, transport companies etc etc etc.

Where did we get the £9B quid from? I thought we were skint?

 

[FOOTSKI]

What I don't understand is why all the detractors make it sound like the money was set alight, as part of the Olymic flame, when the reality is that it has been injected into the economy. The money has been spent on the stadia, which is money to construction firms, which is money to designers, subcontractors, material suppliers, transport companies etc etc etc.

Oh at last........ THIS

 

[Gritt23]

Where did we get the £9B quid from? I thought we were skint?

We're not "skint" but we are attempting to limit our borrowing to avoid the rate at which we are able to borrow getting to the sort of high levels that Spain and Greece have been experiencing. The quantitive easing was therefore ended for a period, and while that has been returned to more recenly, it's to a lesser extent than we saw under the previous Government.

 

[dingodan]

We're not "skint" but we are attempting to limit our borrowing to avoid the rate at which we are able to borrow getting to the sort of high levels that Spain and Greece have been experiencing. The quantitive easing was therefore ended for a period, and while that has been returned to more recenly, it's to a lesser extent than we saw under the previous Government.

I don't understand. So did we borrow the £9Billion quid?

 

[Gritt23]

I don't understand. So did we borrow the £9Billion quid?

Government income and expenditire is very rarely ring-fenced in that way, so there is no way of answering that. But suffice to say that without the Olympics our expenditure on unemployment benefits etc, would have been significantly higher.

 

[Gazwag]

Didn't £2bn come from the lottery

 

[Bob!]

We could have given that money to the dole scroungers.....

are you trying to make a point?

if so, what is it?

 

[Gazwag]

And each session in the stadium must have generated getting on for £10m, so that's £20m each day in the stadium alone

 

[Leekbrookgull]

If you throw a party and invite everyone you can't expect to be up on the deal. You have to put on a spread,that is what the host does. It is not just about money it is about peoples dreams, memories and moments in time that no one who loves sport will ever forget.

And no one will forget 2012. I loved it.

 

[Dr Q]

worth every penny.