Britain says Olympics have paid off with economic boost (Reuters)

The full moon rises through the Olympic Rings hanging beneath Tower Bridge during the London 2012 Olympic Games August 3, 2012. REUTERS/Luke MacGregor

By Keith Weir LONDON (Reuters) – The economic benefits of hosting the Olympics in London already outweigh the nine billion pounds ($13.7 billion) of public money spent on the Games, the British government said on Friday. A year on, the Games remain a fond memory for most Britons who recall the triumphs of runner Mo Farah and cyclist Chris Hoy but have gone back to their daily routines in a country where the economy is showing signs of life after a long stagnation. Keen to show that the London 2012 Games had a lasting impact, the government said it calculated Britain had enjoyed a 9. …

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