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Investments News - Last Updated Tuesday 19th August 2008 → Syndicate this
Brown Suggests No New Money For UK Athletics




Tuesday 19th August 2008

As many thoughts now move towards the London Olympics of 2012 it has been confirmed that there will be no new money for the Olympics above and beyond the £9 billion which has already been ear marked. While there had been hopes that the government would top up earlier commitments at least they have confirmed that there will be no reduction. But should we be building on success or consolidating?

While it is easy to argue that we could and should be putting any spare money back into the economy and more ‘vital’ services let us not forget that the Olympics of 2012 will see the UK become the centre of the world for a few weeks. The economy should receive a boost as should the visitor numbers to these shores, so surely we should be looking to invest while we are riding high as the majority should be returned through a more buoyant economy and increased spending?

If nothing else the last couple of weeks have shown what sport can do for a nation, how it can bring people together and banish the bad times even just for a short while. It will be interesting to see if we do finally build on this success or let it slip through our hands, again.

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