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Mixed business benefits from London Olympics

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2 years ago

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http://www.euronews.com/ There was some rare good news from the recession-hit UK economy as the number of Britons out of work fell to the lowest level in nearly a year in the period from April to June.

However temporary jobs due to the Olympics being held in London seems to have been a big factor as almost half of the new positions created were in the capital.

It seems the Games did not provide the business boost some had hoped for.

The travel trade association UKinbound said a survey of its members showed 88 percent suffered a drop in profits from the same period last year.

The survey found that tourist traffic fell not just in London but around Britain.

The British Hospitality Association said hotels in London had around 80 percent occupancy – lower than usual in August.

London retailers have complained about poor sales as non-Olympic tourists were deterred from visiting during the Games.

In the first week of the Olympics, footfall – that is people entering shops – in the capital’s usually bustling West End was down 4.5 percent year-on-year, according to market research firm Experian.

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1 Comment

  1. @crimsoncoin1461

    March 28, 2024 at 2:48 pm

    your payed to say this ? 🙂

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Another Europe News

“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

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July 17, 2026

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“It’s freedom”: Border residents react to end of Gibraltar-Spain checks

Routine border checks between Spain and Gibraltar have ended, allowing thousands of daily commuters to cross more easily. While many welcome shorter journeys and greater freedom, others remain cautious about the long-term impact.

READ MORE : http://www.euronews.com/2026/07/16/its-freedom-border-residents-react-to-end-of-gibraltar-spain-checks

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Cypriot minister defends appointment of EU Cyprus special representative following backlash

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2 hours ago

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July 17, 2026

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Cypriot minister defends appointment of EU Cyprus special representative following backlash

Cyprus says the EU’s appointment of Raffaele Fitto as special representative for the divided Mediterranean territory will support reunification efforts, but Turkish Cypriot leadership has blasted the move as biased and putting strain on efforts to improve EU-Turkey relations.

READ MORE : http://www.euronews.com/2026/07/15/cypriot-minister-defends-appointment-of-eu-cyprus-special-representative-following-backlas

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Latest news bulletin | July 6th, 2026 – Morning

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3 hours ago

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July 17, 2026

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Latest news bulletin | July 6th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 6th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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‘Food insecurity is on the increase’, World Food Programme Director says

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4 hours ago

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July 17, 2026

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‘Food insecurity is on the increase’, World Food Programme Director says

Conflict in Lebanon has “hit humanitarian operations” worldwide, says WFP Executive Director Carl Skau. “In the poorest countries, people are now eating less” as rising costs have reduced aid deliveries and disrupted supply chains.

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Ukraine opens new cluster of negotiations on EU membership track

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5 hours ago

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July 16, 2026

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The European Union and Ukraine on Tuesday opened a new cluster of negotiations, as part of the process for the country to join the Union.

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