The Olympics: whose money is it?

The Olympics: a momentous occasion, a once-in-a-lifetime opportunity…and one that has cost the UK millions.With the Olympic Torch now travelling through Britain, there really is no turning back. But will the so-called benefits of the Olympics really be the best for Britain?

So, who paid for the Olympics? Well, mainly the sponsors: that’s people like Coca Cola, this year. However, the government also pays lots. According to the Guardian, that means around £350 per British household. There are supposed to be benefits for the East London citizens. However, it has also been revealed that only around 1/5th of the jobs will go to locals.

There seems to be some serious flaws with the structure: so will it be worth it?
That remains to be seen, but in the meantime, the Olympics are well and truly underway.

Sources: The Guardian

By Adam