On the trail of Olympic gold

MR SIDDIQUI has been running the newsagents and sub-post office on Stratford High Street for four years. It looks out over a gritty, busy road bordering a creepy sub-commercial world of second-hand car- part dealers and garages encircling the old railway lands in the Lower Lea Valley.

But if London wins the right to stage the Olympic Games in 2012, Mr Siddiqui's newsagents, a few hundred yards from the site of the proposed main stadium could be transformed into a gold mine as millions of visitors flood through the area. "It would be amazing, not just for my business but for the whole of Newham and East London," he says. "This area has had a bad name but the Olympics would change that completely."

If it's a tantalising prospect for the small entrepreneur in this rundown corner of East London, it's an enormous opportunity for some of the capital's biggest businesses. Almost four years after the Sydney Games, the experts and politicians still can't agree on their precise value to the country. But, according to Australia's Bureau of Statistics, it was a net A$1.5 billion (Pounds 577 million).(Continue Reading)

 

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