What would Clement do?

A Labour blog that witters on about Clement Attlee. Hurrah for The Major!

OLYMPICS MAKE A MOCKERY OF TORY ECONOMICS

Just a quick one for my 160th post. We are all familiar with Gideon Osborne telling us that you can’t “throw money” at a problem, yet certain current events seem to prove this to be a fallacy.

Lets just take a look at the money spent on elite sport over, say the last four Olympiads by Great Britain, and the corresponding results:

  • Sydney 2000     £58.9 million – 28 medals
  • Athens 2004     £70.0 million – 30 medals
  • Bejing  2008     £235 million  – 47 medals

AND THE CLINCHER:

  • London 2012   £313.4 million – 40 medals so far…

So, maybe investing money does gain results after all…

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