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UK govt says Olympics have paid off

Friday, Jul 19, 2013 - 01:04

July 19 - A year on, the British government says the cost of hosting the Olympics has paid off, estimating the economy has received a £9.9 billion boost to trade and investment. Hayley Platt reports.

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9.9 billion pounds is today's daily digit - the boost Britain's government says it received from hosting the London 2012 Olympics. 5.9 billion pounds came from conference sales held around the games. Another 2.5 billion from inward investment. And 1.5 billion pounds from contracts for forthcoming Olympics and World Cups with Brazil and Russia. The amount foreign tourists spent last year also rose by 600 million. One year on and Britain is concentrating on finding new uses for the expensive facilities. The stadium hasn't been used since the Paralympics ended last September. But London's Premier League football club West Ham will make it their new home in 2016. Perhaps the most tangible result to come from the Games is the regeneration of one of the poorest parts of the capital - Stratford. It's now home to Europe's largest urban shopping centre and there are plans to further develop the area around it in the future.

UK govt says Olympics have paid off

Friday, Jul 19, 2013 - 01:04

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