BusinessCompany NewsRegions set to take £2.8bn Olympics hit

Regions set to take £2.8bn Olympics hit

Big Four firm report predicts major financial loss in areas outside London

A PricewaterhouseCoopers report published today forecasts that areas outside
London could be £2.8bn worse off due to the 2012 London Olympics.

The government-commissioned report also showed that London’s gross domestic
product is set to increase by £5.9bn before and after the Olympics.

People are expected to flock to London for the extra jobs created by the
Games, which will have an adverse effect on the regions, the Financial
Times
reports.

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