Asoneof thegianteventsin the world, the Olympic Games willbringmanytourists when it is held but will make the host suffer the Post-Olympics effectafter it ends.
"We don't seem to be getting the peripheral knock-on effect" from Olympics tourists, he said, adding that tourists who have already shelled out for expensive Olympics tickets can't necessarily afford theater tickets as well.
But the governor of the Bank of England warns that was due to the one-time economic effect of the Summer Olympics being held in London, and the U.K. economy could be back in negative growth in the fourth quarter.
The Olympics and Paralympics had "no material effect" on its performance, the firm said, and appeared to cut the number of people visiting its outlets.