The £3bn Olympic shortfall is disappointing
Commenting on today’s report by Capital Economics, which reveals the recession has wiped £3bn off the estimated Olympic ‘dividend’, Don Foster said:
“This is disappointing news. The closer we get to 2012 the fewer of the benefits we were promised seem to be coming about.
“The Government pledged that the Olympics would improve sports participation and boost our economy, yet it is failing to get kids active and now we hear that £3bn of the benefits have been slashed by the recession.
“The 2012 Olympics must not be allowed to become a damp squib. The Government needs to get more children exercising and increase grassroots participation in sport so that we can secure the legacy we were promised. They also need to do all they can to increase tourism both during and after the Games.”
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