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Will The 2012 Olympics Give The UK Economy A Timely Boost?

As we approach the run-up to the Beijing Olympics, eyes are starting to move towards the London Olympics in 2012 and the potential impact this may have upon the capital and the UK economy. The government has already promised billions of pounds to bring the UK's sporting facilities up to date with many of these venues set to continue in private hands after the games are over.

However, it is the run-up to the games which has the potential to give the UK economy a much need shot in the arm. As the house building sector continues to suffer there are hopes that many of those who recently lost their jobs will be able to join the ever growing band of those working on the Olympics - or is this all just a pipe dream?

In reality the Olympics will offer a very useful boost to the UK economy over the next 4 years with many business gearing up for the massive influx of tourists and the worldwide exposure which places such as London will receive. Employment numbers on the project should also increase as we near the date for the games, but whether it will be enough in the short term to alleviate some of the pressure on unemployment numbers at the moment remains to be seen.

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