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2012 Business

Olympicsboostsh*t

There is a concerted effort to suggest the Olympics has pulled Britain out of recession. But the BBC has provided an interesting perspective on this. The third quarter is expected to show a 0.7% rise in GDP. The second quarter included an extra bank holiday which knocked the economy by 0.5%, so this deficit was recouped in the third quarter. The remaining 0.2% is accounted for by ticket sales meaning that in reality 'excluding the Olympic and Jubilee effects, growth seems to have been broadly flat'. However, what is curious about this concoction is that, of course, ticket sales actually occurred months ago so could just as easily have been included in those earlier statistics. The fourth quarter is then expected to sink back into deficit.


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Tourist numbers in London down 30%

David Cameron is giving upbeat press conferences about how well the Tube system is working despite the influx of 100,000 Olympic visitors. Transport for London say passenger numbers on the Tube on Monday were up 4%.


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taxi!!!!!

a couple of snaps from yesterday's cabbies protest on Whitehall
United Cabbies protest, Whitehall 17 july 2012


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Exploitation – the reality behind London 2012’s Adidas clothing

by Murray Worthy, campaigner at War on Want

Adidas this week comes under pressure to tackle the sweatshop conditions in its supplier factories as War on Want launches a new campaign (www.notokanywhere.org) over the exploitation of its workers. Our campaign demands the official sportswear partner of London 2012 and Team GB takes responsibility for the abuse of workers’ rights in its supply chains and has launched a video (http://youtu.be/NPVofA6DcLE) highlighting the reality of life for workers making Adidas goods.

For the London Games there are 25 official corporate sponsors and another 28 official corporate suppliers across industries as diverse as food, cars, banking and electronics. However, the Olympics are of particular significance to the global sportswear industry


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Peaceful Non-cooperation Halts Work on Olympic Site

Peaceful Non-cooperation Halts Work on Olympic SitePeaceful Non-cooperation Halts Work on Olympic Site


Members of the Occupy Movement have set up camp, on Porters Field, part of Leyton Marshes in East London, where against stiff local opposition planning planning permission was granted by Waltham Forest to construct a number of Olympic practice basketball courts.


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Nice work if you can get it

Remember that slogan ‘Improving the Image of Construction’ which gets plastered over every new building site in the country? Back in September 2009 103 construction companies were fined £129.5m by the Office of Fair Trading following an investigation into collusion by companies on contract bidding, or price fixing, between 2000 and 2006. One of the offending companies was Olympics contractor John Sisk and Co, which is working on the Athletes’ Village and the Woolwich shooting range. In keeping with British soft touch regulation the fines for this offence were then dramatically reduced in March 2011 by the Competition Appeal Tribunal on the extraordinary grounds that this practice was "long-standing in the industry and widely regarded as legitimate"!


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neat pitch

“Businesses relying on data centres located in or close to the Olympic and Paralympic ‘contagion zone’ will be crossing their fingers this Summer, as it simply will not be possible to repair any network outages in the area,” said Aidan Paul, chief executive (CEO) of parent company [advertorial removed].


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