The latest economic news doesn’t make for very happy reading. We all know that, but there are hopes that 2012 will see an improvement. How can that be for the UK? Well, we have the Olympics to start with and over in the USA there’s going to be a Presidential election. That will stir things up both financially and politically.
Of course it’s not business as usual for anyone in the Insurance or business world. The Financial Services Industry is fighting to sort the business of “Economic risk” and the only people who are experiencing a bit of a boom are the “Regulators”. It was back in April 2009 that the recession became official. It’s been the second longest one since the Great Depression of the 30’s. Britain however is lucky to have an unexpected opportunity.
It’s thought that around 350,000 people will be attending next year’s Olympic Games in Britain. That apparently translates into approximately 100,000 hotel rooms after flights into the country. They need to be fed and watered, they will buy souvenirs … perhaps not the official Olympic toys – what ARE they like? However, the chance for everyday, ordinary people to make some money has also been recognised.
The advice is “rent out your home”, “rent out your parking space” if you live in the right area. Many visitors will be tempted to “stay on” and make a holiday of it after they’ve attended the games. Restaurants, hotels and areas offering any kind of entertainment – from theatres to bowling alleys should be on standby to welcome their guests.