July 3, 2012 at 11:20 am
Just seen on Sky T.V. That the Olympic Games has cost 11 Billion GB Pounds, and may well be higher.
This is for an event that will last for just 17 days.
Is this worth the money, when it could have been spent on better things?.
Jim.
Lincoln .7
By: ppp - 4th July 2012 at 22:43
But, according to you, it’s all sub-standard.
The copper is fine, the circuit layout could do with being redesigned though 😎
By: Edgar Brooks - 4th July 2012 at 22:11
Plenty of copper to steal inside a police station
But, according to you, it’s all sub-standard.
By: ppp - 4th July 2012 at 19:21
Take the lead off, first, and they’ll leave it alone.
Plenty of copper to steal inside a police station
By: Lincoln 7 - 4th July 2012 at 12:14
Take the lead off, first, and they’ll leave it alone.
Nice one, Like it:D
Jim.
Lincoln .7
By: Edgar Brooks - 4th July 2012 at 11:45
, crime is going to go through the roof.
Take the lead off, first, and they’ll leave it alone.
By: Lincoln 7 - 4th July 2012 at 11:30
T64, Firstly, welcome back,:diablo: I agree, but for folks like me who want to show their support, why didn’t the organisers say this sooner they have had what? 7 yrs to inform the public, it is against Trading Standards and the organisers rules re the flags.
Just watched the torch go through my town, I have never seen so many Police in my life, some from Cambs, Norfolk, but the largest amount came from the Met, over 100 miles away.
Oh, I forgot to mention, they are going to close our nick.:eek: as we are on the boarder of Cambs and Norfolk, crime is going to go through the roof.
Jim.
Lincoln .7
By: tornado64 - 4th July 2012 at 11:07
My Gob, is well and truly smacked 😮 Today, I went up town to try and get an Olympic Games flag to fly, as the footie has now ended, I thought I would support Team G.B. and replace my England flag.
My local Bakery had one, in their window, when it was visited by Trading Standards, and told they had to take it down, as they had not compiled with the rules. It would appear, you have to have so much space in the shop, (It was in the window) fill in God knows how many forms and apply for permission, or face a hefty fine, or even Prison.
It appears, that the organisers have a monopoly on the sales of these flage, and can only purchase them from these organisers.
They are also having a crack down on ebay sellers who are selling them on ebay.There is not a single Olympic flag flying in my area.
All the showing of the torch throughout the Country, and they expect the General Public to support the games. Yeh, right.:p well, I am still going to try and get one, Once a rebel, always a rebel,(Victor Meldrew, 2012).Jim.
Lincoln .7
whilst agreeing in sentiment , why shouldn’t they ??? why should they put up with one man and his dog using counterfiet goods over ebay et all when it is them that have to recoup monies spent on the games from an official logo product
it is a hard battle against counterfeit goods and they have to safeguard thier vast investment
By: tornado64 - 4th July 2012 at 11:00
The money doesn’t disappear.
Unless it was spent with foreign contractors it will have provided business for UK suppliers, jobs, income.
All of which are taxed, so a large proportion of it comes back to the treasury.
The faster money circulates the better.
I am not even remotely interested in the Games. But they cannot be a bad thing for the economy long-term.
Moggy
101% unemployment would have been a lot worse without it as it not only covers construction jobs but also all the spin off unseen jobs builders spending in cafes , drivers delivering goods , companies making those goods , printers , tailors for suits uniforms etc ,public transport etc etc not only that but we have to considder how many will attend then whilst here will go on to other destinations in the uk spending whilst here !!
people only ever seem to factor in what is spent and got back on site and rarely factor the almost double sattelite spin off employment that can even if only small can mean the difrence between a company staying open or closing !!
By: Lincoln 7 - 3rd July 2012 at 21:40
My Gob, is well and truly smacked 😮 Today, I went up town to try and get an Olympic Games flag to fly, as the footie has now ended, I thought I would support Team G.B. and replace my England flag.
My local Bakery had one, in their window, when it was visited by Trading Standards, and told they had to take it down, as they had not compiled with the rules. It would appear, you have to have so much space in the shop, (It was in the window) fill in God knows how many forms and apply for permission, or face a hefty fine, or even Prison.
It appears, that the organisers have a monopoly on the sales of these flage, and can only purchase them from these organisers.
They are also having a crack down on ebay sellers who are selling them on ebay.There is not a single Olympic flag flying in my area.
All the showing of the torch throughout the Country, and they expect the General Public to support the games. Yeh, right.:p well, I am still going to try and get one, Once a rebel, always a rebel,(Victor Meldrew, 2012).
Jim.
Lincoln .7
By: AutoStick - 3rd July 2012 at 19:59
I have the greatest faith in the Gold bars I have stashed in my……..forget it !!
By: Creaking Door - 3rd July 2012 at 19:37
I hope you’re not including the stuff I print in my shed? Ooops! 😮
By: John Green - 3rd July 2012 at 19:21
The cost of the Games is irrelevant. It could be 100 billion – any size of billion. How so? We simply print the money to pay for it, exactly as we do for everything else.
This business of printing, like a Labrador’s appetite, knows no limits. It will go on, not just in this country, but worldwide, until someone breaks rank and says in effect: “I’m not taking your currency in payment; it’s worthless” then duck and run for cover.
So chaps, save your breath and just pray that you’re not around when comes the financial Apocalypse.
John Green
By: Lincoln 7 - 3rd July 2012 at 18:48
I wonder what would happen if the General Public got to know where EVERY PENNY was spent on, the whole shibang;) in this Country, let alone what goes abroad
Jim.
Lincoln .7
By: Creaking Door - 3rd July 2012 at 18:39
What about the ‘admin’ cost for the +£700billion the government spends every year? 😉
By: j_jza80 - 3rd July 2012 at 18:36
£443m on creation of Government bodies to oversee Olympics?!!!
I’d love to see a breakdown of that particular figure :diablo:
By: ppp - 3rd July 2012 at 17:26
Maybe not current, but gives a reasonable idea of where the money comes from and where it goes…

According to some estimates, the olympics will benefit the economy to the tune of £16.5 billion, so we may be in net profit?


By: Creaking Door - 3rd July 2012 at 16:43
Well, you didn’t say what you would have rather spent the £11billion on.
At a wild guess, I’d say that a lot of the £710billion the UK PLC spent in 2011/2012 went on the NHS, pensions, education, income-support, child-benefit, unemployment-benefit, housing-benefit and so-on…
…but I’m not sure if everybody would think that those were ‘better things’!
By: Lincoln 7 - 3rd July 2012 at 16:29
Just to put things in perspective; in 2011/2012 the UK PLC will earn about £590billion but we’re planning to spend over £710billion…..and therefore borrow about £120billion (more)!
Most of that £710billion will be spent on ‘better things’! 😉
.
Warren, What, as a wild guess, would you say these “Better things ” are?.in your opinion.
Jim.
Lincoln.7
By: Creaking Door - 3rd July 2012 at 16:23
Just seen on Sky T.V. That the Olympic Games has cost 11 Billion GB Pounds, and may well be higher. This is for an event that will last for just 17 days. Is this worth the money, when it could have been spent on better things?
Just to put things in perspective; in 2011/2012 the UK PLC will earn about £590billion but we’re planning to spend over £710billion…..and therefore borrow about £120billion (more)!
Most of that £710billion will be spent on ‘better things’! 😉
Against those statistics is £11billion for the, once-in-a-lifetime, Olympics that big a deal?
And that’s if it is all public money and there is no ‘profit’ whatsoever to the UK economy.
By: Lincoln 7 - 3rd July 2012 at 16:11
According to some estimates, the olympics will benefit the economy to the tune of £16.5 billion, so we may be in net profit?
If these figures are correct, and assuming they are, where will the excess go?.
Jim.
Lincoln .7