Golden Games: UK says 2012 London Olympics worth billions to economy

July 18, 2013 at 11:05PM

LONDON — Britain's government says the 2012 London Olympics and Paralympic Games gave the country an almost 10 billion pound ($15 billion) boost.

Authorities said Friday that UK economy has seen an increase in business from contracts, sales and foreign investment stemming from a conference and a series of events tied to the games.

The figures — the first released in a four-year plan — are important because staging the games is expensive. Organizers repeatedly promised Britons that the 9.3 billion pounds ($14.7 billion) spent to host the event would be money well spent.

The latest numbers, however, don't include the effect of tourism. The Olympics offers a unique platform to show off a country's finer points. Tourism officials say images of castles, cliffs and countryside will bring dividends for decades.

about the writer

about the writer

More from Business

See More
card image
Jeff Wheeler/The Minnesota Star Tribune

It’ll take more than appointing an inspector general. Structures need to change in state and local government.

card image
Hennepin Healthcare Clinic and Specialty Center,l 8th Street between Park Av and Chicago Av.