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2012 London Olympics???? WTF

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2012 London Olympics???? WTF

Gazza AK47

Gazza AK47

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I knew this would happen. The spiraling costs of this public/private waste of money (Olympics 2012). I never wanted this to come to England/London and so did the majority of people I have chatted to about it.

How the hell can they get away with saying that this lemon would benefit the people of this country. :mad: :mad: :mad: :mad:

Tell me you moronic bunch of fools in Whitehall, how on this planet will spending ??billions of pounds on a few new stadiums etc for the self gratifing, back patters be of any use to the majority of people in this country. :mad: :mad: :mad: :mad:

I hate the Olympics and now I hate it even more. Why not just keep the games in its proper home of Greece.

Rant over.
 
The spending is going into the economy though, the money spent on buildings, infrastructure etc results in employment. Employee's pay PAYE, companies pay corporation tax etc so some of it is coming back into the system. There is also a lot of income for the hotels, airlines etc who also pay taxes.

People still visit the Olympic stadiums in Australia still and the facilities are still used. It's also a way to promote the UK for external investment and increase tourism, which is a big income for the UK.

It's very difficult to say it cost X amount as it is difficult to judge how much you get back in other area's. As a company we will probably get a fair amount of business from it.

It is also a fun event which is enjoyed by a lot of people.
 
:rolleyes:

anyway, heres a little history:

1976 toronto, the bill was so huge it was finally paid in full in 2006

1982 barcelona put the city right up there as the place to go, but are still going to have to pay a debt of about $1billion

2002 athens, a final estimate of between £4.5-6billion, and no sign of the "barcelona" effect that was to have revived the city and made it a top european destination

2006 sydney debt is being paid off at about $30million for another 10 years

i don't think a single olympic project has ever covered its own costs in a reasonable amount of time, nor has its benefit extended beyond lining the coffers of multinational corps
 
It's impossible to say that for sure, the additional tax from companies involved in the building and operating, employee's and VAT on sales of goods, hotel rooms, restaurants etc together with associated tax like airline tax is not directly linked to repaying the funding of the Olympics. Therefore not all the money gained from the Olympics goes back as repayments. Also the regeneration of a deprived area would have to funded at some point anyway and therefore you should deduct the cost of this from the Olympic costs.

As a company we will make money from the Olympics and as a result will pay more corporation tax, more employee's so more PAYE etc. Non of this is calculated into the revenue from the Olympics.

So I am afraid I don't believe the figures are a true reflection of indirect revenue generated from the Olympics. So you can't say that it hasn't covered the costs in a reasonable time, because there is no way to calulate all the benefits.
 
I think this country needs to get itself in order before hosting anything like this - it's a disgusting waste of money when there are so many problems here. I feel really sorry for people in London who will be inconvenienced and will end up paying through the nose for this via their council tax :(
 
If anyone is going to get some benefit from the olympics it is the people in and around London. Why should the rest of the country have to contribute towards the cost? also why should other good and deserving causes that were recieving funding from the lottery (what it was intended for) now have to get less or none at all? the millenium dome all over again. :mad: :mad:
 
jawkithenoo said:
If anyone is going to get some benefit from the olympics it is the people in and around London. Why should the rest of the country have to contribute towards the cost? also why should other good and deserving causes that were recieving funding from the lottery (what it was intended for) now have to get less or none at all? the millenium dome all over again. :mad: :mad:
Click to expand...

It has a much wider influence than just London. England hosting the Olypmics is a way for the country to promote itself and also encourage international co-operation. With the current world climate building international relationships is a key task for any country. It had a very positive affect on people's perceptions of Australia as a country and hopefully we will be able to do the same.

You have to look at the bigger picture. That's why countries all compete to get the Olympics.

Also why shouldn't the rest of England contribute, if you check the council tax costs you'll find that some counties receive less goverment funding than others in order that they can support more deprived area's in other parts of the country. So why shouldn't they contribute, in Hampshire they get one of the lowest goverment goverment contributions, which means the residents are paying towards projects in other counties in the UK.

It only seems fair to pay a little back for a project in London, which will in fact benefit the whole country in terms of promoting the UK.
 
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poggy said:
It has a much wider influence than just London. England hosting the Olypmics is a way for the country to promote itself and also encourage international co-operation. With the current world climate building international relationships is a key task for any country. It had a very positive affect on people's perceptions of Australia as a country and hopefully we will be able to do the same.

You have to look at the bigger picture. That's why countries all compete to get the Olympics.

Also why shouldn't the rest of England contribute, if you check the council tax costs you'll find that some counties receive less goverment funding than others in order that they can support more deprived area's in other parts of the country. So why shouldn't they contribute, in Hampshire they get one of the lowest goverment goverment contributions, which means the residents are paying towards projects in other counties in the UK.

It only seems fair to pay a little back for a project in London, which will in fact benefit the whole country in terms of promoting the UK.
Click to expand...

Its not the rest of England that i am questioning should help pay for it, what benefit will the scots,welsh and irish recieve from it. I am sure that anyone living in the western hebrides will not see one aspect of improvement in there lifes because london has the olympics,what they will notice is that any lottery funded project will recive less funds. This will happen throught britain, that is what pisses me off. South east england benefits directly the whole country picks up the tab!!!!!:mad: :mad: :mad:
 
Last edited:
jawkithenoo said:
Its not the rest of England that i am questioning should help pay for it, what benefit will the scots,welsh and irish recieve from it. I am sure that anyone living in the western hebrides will not see one aspect of improvement in there lifes because london has the olympics,what they will notice is that any lottery funded project will recive less funds. This will happen throught britain, that is what pisses me off. South east england benefits directly the whole country picks up the tab!!!!!:mad: :mad: :mad:
Click to expand...

Exactly, Cornwall recieves very little funding and we are having cutbacks galore.

Royal Cornwall Hospital having to close childrens wards due to lack of money.
Cutbacks to local education.

The list is endless,,,,
 
jawkithenoo said:
Its not the rest of England that i am questioning should help pay for it, what benefit will the scots,welsh and irish recieve from it. I am sure that anyone living in the western hebrides will not see one aspect of improvement in there lifes because london has the olympics,what they will notice is that any lottery funded project will recive less funds. This will happen throught britain, that is what pisses me off. South east england benefits directly the whole country picks up the tab!!!!!:mad: :mad: :mad:
Click to expand...

london and the southeast raise about £10bn in taxes more than we receive back which goes to places like scotland , wales ,etc.

londoners are paying a levy on their council tax (about £20 a year for the next 10 years i think) which no one else is paying and is an increase i'm happy to pay

the whole profile of the uk is raised which will benefit everyone

the lottery board do a god job wasting money anyway on dubious projects that never produce returns (eden project anyone??)

why shouldn't the uk have the olympics anyway?? we're too ready to put ourselves down . we have the brains and know-how to do an excellent job and besides it only costs half a trident.
 
kev1 said:
london and the southeast raise about £10bn in taxes more than we receive back which goes to places like scotland , wales ,etc.

londoners are paying a levy on their council tax (about £20 a year for the next 10 years i think) which no one else is paying and is an increase i'm happy to pay

the whole profile of the uk is raised which will benefit everyone

the lottery board do a god job wasting money anyway on dubious projects that never produce returns (eden project anyone??)

why shouldn't the uk have the olympics anyway?? we're too ready to put ourselves down . we have the brains and know-how to do an excellent job and besides it only costs half a trident.
Click to expand...


Greatest show on earth and I for one will be spectating at as many events as I can afford. This country needs a pick me up and this could be it. As I see it it's a bit of payback for the thousands upon thousands in tax I have paid over the years.
 
Jai said:
:rolleyes:

anyway, heres a little history:

1976 toronto, the bill was so huge it was finally paid in full in 2006

1982 barcelona put the city right up there as the place to go, but are still going to have to pay a debt of about $1billion

2002 athens, a final estimate of between £4.5-6billion, and no sign of the "barcelona" effect that was to have revived the city and made it a top european destination

2006 sydney debt is being paid off at about $30million for another 10 years

i don't think a single olympic project has ever covered its own costs in a reasonable amount of time, nor has its benefit extended beyond lining the coffers of multinational corps
Click to expand...

:confused:

1992 = Barcelona
1996 = Atlanta
2000 = Sydney
2004 = Athens
 
kev1 said:
london and the southeast raise about £10bn in taxes more than we receive back which goes to places like scotland , wales ,etc.

londoners are paying a levy on their council tax (about £20 a year for the next 10 years i think) which no one else is paying and is an increase i'm happy to pay

the whole profile of the uk is raised which will benefit everyone

the lottery board do a god job wasting money anyway on dubious projects that never produce returns (eden project anyone??)

why shouldn't the uk have the olympics anyway?? we're too ready to put ourselves down . we have the brains and know-how to do an excellent job and besides it only costs half a trident.
Click to expand...

Would rather have an effective nuclear deterrent than blow 9 billion on a showpiece event that last 2 weeks. Trident is slightly longer term than that.If londoners are happy to pay extra for the olympics thats great but when there is a shortfall and there will be (scottish parliament for instance) who do you think will get the bill? The rest of the country. As long as you all enjoy sitting in all the traffic hold ups that the work to build the venues,and the inrease in traffic during the actual event thats fine.As for the south east subsidising us,youre having a laugh oil revenue keeps a good part of this country going. Tax on whisky purely from the island of islay alone was £130million last year thats only 4 distillerys none of them particularly big. Just think what 9 billion colud have done for schools,hospitals,care for the elderly etc etc. WASTE OF OUR MONEY!!!!!!!! :mad:
 
jawkithenoo said:
Would rather have an effective nuclear deterrent than blow 9 billion on a showpiece event that last 2 weeks. Trident is slightly longer term than that.If londoners are happy to pay extra for the olympics thats great but when there is a shortfall and there will be (scottish parliament for instance) who do you think will get the bill? The rest of the country. As long as you all enjoy sitting in all the traffic hold ups that the work to build the venues,and the inrease in traffic during the actual event thats fine.As for the south east subsidising us,youre having a laugh oil revenue keeps a good part of this country going. Tax on whisky purely from the island of islay alone was £130million last year thats only 4 distillerys none of them particularly big. Just think what 9 billion colud have done for schools,hospitals,care for the elderly etc etc. WASTE OF OUR MONEY!!!!!!!! :mad:
Click to expand...

I agree on some of your points as well. The 2012 olympics is going to be another Labour dome!!

9 billion could pay off alot of hospital debts, employ new nurses/doctors and matrons.

Bulid new schools and employ more teachers.

As for Comic Relief(Off subject I know), instead of doing the back slapping Friday on BBC1/2, all those celebs and everyone who took part (They did do a good job at raising funds though) should have lobbied the government to use the Trident and Olympic funds to helping their cause.

Try and imagine what the money could have done in Africa and the UK if the cash wasn't wasted on the 2 week extravaganza, or some Nuclear bombs that will just destroy everything!!!
 
jawkithenoo said:
Its not the rest of England that i am questioning should help pay for it, what benefit will the scots,welsh and irish recieve from it. I am sure that anyone living in the western hebrides will not see one aspect of improvement in there lifes because london has the olympics,what they will notice is that any lottery funded project will recive less funds. This will happen throught britain, that is what pisses me off. South east england benefits directly the whole country picks up the tab!!!!!:mad: :mad: :mad:
Click to expand...

Don't jump down my throat, but Scotland gets more funding per head than England from central goverment. I don't diagree with it, but you can't claim it's always the South which benefits as it obviously doesn't. You could say the people of the South East taxes help support Scotland through grants, nothing wrong with that, but it has to work both ways sometimes.
 
poggy said:
Don't jump down my throat, but Scotland gets more funding per head than England from central goverment. I don't diagree with it, but you can't claim it's always the South which benefits as it obviously doesn't. You could say the people of the South East taxes help support Scotland through grants, nothing wrong with that, but it has to work both ways sometimes.
Click to expand...

5 million scots, 5million londoners alone,its obvious the larger percent of the population is going to subsidise the lesser percent.
 
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