Olympic Games boosts UK’s international standing

Olympic Games boosts UK’s international standing

According to a survey published on Tuesday, approximately two-thirds of 8,000 respondents in 11 countries said that Britain did a good job of managing the Games, with 44 percent saying that the country had a greater world influence as result of hosting the Olympics.

A third of those surveyed said that the Games made them more likely to visit the UK with 35 percent agreeing that the Olympics had made the UK a more attractive place to study or do business. The study was carried out by Ipsos Mori for the British Council in 11 key overseas economies including the US, Brazil, China and India.

However, the short term news is not all positive. Earlier this year, disappointing retail figures were published showing that the Olympic Games had failed to lift levels of activity in the nation's retail sector. Back in September, the British Retail Consortium said that trading sank by 0.4 percent in August compared to the same month a year earlier.

Figures released in October by the Office for National Statistics show a little over 3 million overseas residents visited Britain in August, 5 percent down on the same month last year. This has been blamed on media outlets warning tourists about the crowds and traffic and airport jams to avoid during the Games.