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The London Economy Final Report---report代写精选

2016-07-05 来源: 51due教员组 类别: Report范文

51Due论文代写平台report代写范文:'The London Economy Final Report',这篇讲述了英国伦敦2012年的奥运会一些积极的经济影响跟一些负面的影响。伦敦从奥运会2012的收益增加了伦敦的餐馆和酒吧的收入.因此,在这篇文章中,将主要以2012奥运会对伦敦的经济影响和解释它的细节通过诸如劳动力市场方面,旅游,零售业,运输系统和房地产市场等.


The Olympic games are considered to be the world’s foremost sports competition with more than 200 nations participating. They are divided into a summer and winter games, held every four years by a single city. In 2012, it was held in London and took place from 25 July to 12 August 2012. According to (BBC news, 19 July 2013), it said that London 2012 Olympics “have boosted UK economy by £9.9bn” in trade and investment. While the department (UKTI, results of 2012 Olympics), reported “it boosted £2.5bn “additional inward investment”, £5.9bn additional sales and £1.5bn high value overseas contracts.” It seemed2012 Olympics brought some positive economic impacts on London. However, it could be also some negative impacts. Therefore, in this essay, I will focuson the economic impact of the 2012 Olympics on London and explain it in details through some aspects such as labour market, tourism, retail sectors, transport system and housing market etc.

Firstly, we can look at the impact on retail sectors from Olympics. According to (Intangible Business, 2012 Olympics), it said that the UK retail market was expected to fare pretty well. They were expected hotels are the main beneficiaries within the broader retail sector, benefitting to the tune of  £371m. Also, an additional £232m was expected to come to the restaurant sectors and an additional £232m in bars. Similarly, They were expected a boost increase of sales in UK shops and they believed they will receive a substantial economic benefit and this is due to increased activity and spend within the UK from the increase in tourist numbers. As results, (BBC News, Olympics effect) said London’s Hotels recorded room yields rose by 4% in England and 13% in Wales and an increase of 44.4% in revenue during Olympics. While there also increased 59.4% in restaurants and 34% in bars of their revenue. It seems an optimistic impact on the UK economy. However, it also presented that the room yields were down nearly 5% in Scotland and 5% in Edinburgh, so they believed that travellers shifting spending to London from other parts in UK rather than a truly positive impact on UK economy.


If we look at other parts of retail sector, the benefits from Olympics did not seem as good as the hotels, restaurants and bars. According to (Telegraph News, London’s Olympic legacy), it said “London was a “ghost town” during the Olympics games reflecting the absence of regular tourists in hotspots because lacks of attractions due to they thought it might be a crush of visitors. Locals were encouraged to stay off and dutifully did so and thereby lead to a “ghost town”. (The Huffington Post) says that the financial times reported some retailers in central London have reported a 30% decrease in sales when compared to the previous year in August 2012. They said the majority of roads are clear and the shops quiet and visitors came to UK were aimed to watch the competition rather than shopping. The Olympic games even decrease the attraction to regular visitors and local people and lead to a downward trend in the sales. Therefore, we can see that local hotels, restaurants and bars were gained revenues from 2012 Olympics, but local shops and hotel of other parts in UK were lost from the Olympics games and so it evidenced the games did not always bring positive economy impacts.




If we look at other parts of retail sector, the benefits from Olympics did not seem as good as the hotels, restaurants and bars. According to (Telegraph News, London’s Olympic legacy), it said “London was a “ghost town” during the Olympics games reflecting the absence of regular tourists in hotspots because lacks of attractions due to they thought it might be a crush of visitors. Locals were encouraged to stay off and dutifully did so and thereby lead to a “ghost town”. (The Huffington Post) says that the financial times reported some retailers in central London have reported a 30% decrease in sales when compared to the previous year in August 2012. They said the majority of roads are clear and the shops quiet and visitors came to UK were aimed to watch the competition rather than shopping. The Olympic games even decrease the attraction to regular visitors and local people and lead to a downward trend in the sales. Therefore, we can see that local hotels, restaurants and bars were gained revenues from 2012 Olympics, but local shops and hotel of other parts in UK were lost from the Olympics games and so it evidenced the games did not always bring positive economy impacts.

Thirdly, Olympic games had also brought some impact on UK tourism. According to (Telegraph, Tourist boosts UK economy) says that more than 3 million overseas residents visited Britain in August, a 5 percent drop on the same month last year, according to the Office for National Statistics. However, Britain’s Earnings including Olympic and Paralympic tickets bought before and during the Games rose 9 percent on the year. The data showed that the 590, 000 people who visited for the Olympics or attended a ticketed event spend an average of £1,290 during their visit, compared with £650 by other visitors. Therefore, it evidences an increase of UK income. While (London and Partners) explains that 2012 was an amazing year in which UK had a string of golden opportunities to show the world why London is the best big city on earth and it gave UK a platform to shine to audience of billions through Olympics games. As results, the total expenditure from tourism rise to £10.08 billion, which is an increase 7.0%. This very robust boost in tourism receipts for 2012, almost two-thirds of a billion pound increase. However, (Reuters News, Olympics) says that the noticeable lack of visitors in London’s theatres, museums and shopping mall during the Olympics have raised concerns that the games could hurt British businesses as other tourists stayed away to avoid the crowds. It evidences Olympics boosted income from the increase spending on tickets and sport events but lost income from usual tourists, so it had both of positive and negative effect on the UK economy.   Moreover, Olympics 2012 had improved the unemployment rate in the UK. According to (Guardian News, Olympics jobs boost) explains that the number of Britons out of work had fallen to its lowest level in almost a year, with the decline partly due to jobs created by the London Olympics as well as an increase in self and part time employment. Unemployment on the internationally recognized International Labour Organizational measure fell by 46,000 in the three months to June to 2.56m, according to the Office for National Statistics, to 8%, the lowest rate since the three months to July 2011. While (Telegraph News, UK employment boosted) also says that the holding of the Olympic games appeared to provide a temporary boost to employment of the London labour market due to increase the jobs opportunities of preparing for the London 2012. Therefore, it evidences that the improvement in the labour market comes from the Olympics games. However, (Guardian News, Olympics jobs boost) also emphasizes that many people were working for a part time job because they cannot find a full time job. Also, Long-term youth unemployment is still going through the roof. Therefore, it evidences just a temporary to improvement of unemployment through the Olympics games. The rate of employment might decrease when the London 2012 is over and thereby the unemployment is not really has been improved from the Olympics games.

Thirdly, Olympic games had also brought some impact on UK tourism. According to (Telegraph, Tourist boosts UK economy) says that more than 3 million overseas residents visited Britain in August, a 5 percent drop on the same month last year, according to the Office for National Statistics. However, Britain’s Earnings including Olympic and Paralympic tickets bought before and during the Games rose 9 percent on the year. The data showed that the 590, 000 people who visited for the Olympics or attended a ticketed event spend an average of £1,290 during their visit, compared with £650 by other visitors. Therefore, it evidences an increase of UK income. While (London and Partners) explains that 2012 was an amazing year in which UK had a string of golden opportunities to show the world why London is the best big city on earth and it gave UK a platform to shine to audience of billions through Olympics games. As results, the total expenditure from tourism rise to £10.08 billion, which is an increase 7.0%. This very robust boost in tourism receipts for 2012, almost two-thirds of a billion pound increase. However, (Reuters News, Olympics) says that the noticeable lack of visitors in London’s theatres, museums and shopping mall during the Olympics have raised concerns that the games could hurt British businesses as other tourists stayed away to avoid the crowds. It evidences Olympics boosted income from the increase spending on tickets and sport events but lost income from usual tourists, so it had both of positive and negative effect on the UK economy.   Moreover, Olympics 2012 had improved the unemployment rate in the UK. According to (Guardian News, Olympics jobs boost) explains that the number of Britons out of work had fallen to its lowest level in almost a year, with the decline partly due to jobs created by the London Olympics as well as an increase in self and part time employment. Unemployment on the internationally recognized International Labour Organizational measure fell by 46,000 in the three months to June to 2.56m, according to the Office for National Statistics, to 8%, the lowest rate since the three months to July 2011. While (Telegraph News, UK employment boosted) also says that the holding of the Olympic games appeared to provide a temporary boost to employment of the London labour market due to increase the jobs opportunities of preparing for the London 2012. Therefore, it evidences that the improvement in the labour market comes from the Olympics games. However, (Guardian News, Olympics jobs boost) also emphasizes that many people were working for a part time job because they cannot find a full time job. Also, Long-term youth unemployment is still going through the roof. Therefore, it evidences just a temporary to improvement of unemployment through the Olympics games. The rate of employment might decrease when the London 2012 is over and thereby the unemployment is not really has been improved from the Olympics games.

Too concluded, London has benefited from Olympics Games 2012. There are included increased the revenue of London’s hotels and restaurants and bars, the London’s tube and train station has increased their income from fare, received a lot of earning of sports event from visitors, increased the job opportunities to reduce unemployment and also increased house market prices to benefit those house owners. It seems Olympics games 2012 has brought many advantages to London. However, there was not always happen during the games. For examples: London was such a “ghost town”. Retail markets had a downward trend of their revenue apart from hotels, bars and restaurants. It was because visitors came to London in order to watch those sports events rather than shopping and thereby shopping mall or shops had not got an increase and even had decreased of their income, it was because they had even absented of regular tourists because lacks of attractions due to they thought it might be a crush of visitors. Moreover, cab driver had lost their income because the improvement of tube and people thought the road would be crowed due to games and so avoided going places by taxi and lead to a downward trend in income of cab driver. Furthermore, Olympics games 2012 had brought many job opportunities because they need more labour work for those sports event, but it would be reduce the demand for labour when it is over, so Olympics 2012 was not really improve the unemployment problems in London. Finally, increased the house market prices are benefited for the house owners but not all people. They might have some low-income people want to buy a house but they cannot buy it due to the increase of house prices and so they do not have enough money. Therefore, there are some positive economic impacts came from the Olympics 2012 but also some negative impacts. It depends on what kind of the job or situation would be and they would have different impacts from the games.



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