The economic implications of Olympics 2012 for UK is obviously large.
How large is what we will explore now. The total estimated budget for this big event is 9.3 billion pounds.
The bulk of the funds have been raised from the central government, Greater authority of London and London development agency. About 2 billion has been raised through national lottery.
The immediate positive impact of this event on the host nation would be increased incomes to the residents of the nation owing to high tourist traffic. In the long run, the games would provide an economic stimulus of 5.1 billion pounds to the country. This would increase the economic output of the country by 1.37 billion pounds every year, contributing 3.5 % of the GDP.
