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UK trade boost from Olympics

The London Olympic and Paralympic Games gave the UK economy a £9.9 billion trade and investment boost, according to a new report. The boost came from businesses securing contract wins, additional sales and new foreign investment in the last year.

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Boris: 'Olympo-sceptics' proved wrong by success

Boris Johnson said the "Olympo-sceptics" were proved wrong by success of the London 2012 Games after it was announced the Olympics gave the UK economy a £9.9 billion boost.

London Mayor Boris Johnson pictured with Team GB after the 2012 Olympic Games. Credit: Anthony Devlin/PA Wire

The Mayor of London said the country would now "defy the doom-mongers" when it comes to securing a permanent Olympic legacy.

"London is succeeding where virtually no other host city has, on track to secure a solid gold payback on the taxpayers' outlay and a rosy future for the Queen Elizabeth Olympic Park", Mr Johnson added.

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