Sports-obsessed Brits want to boost the economy by £230m

Economy
By Liam

By city and financial reporter

Updated:

The European Championships and Olympics will give the British economy a £233 million boost, according to a forecast.

Experts at credit scoring agency Experian predict a rise in spending among fans heading to pubs and those stocking up on drinks and food for gatherings at home.

Some are also expected to buy new television sets to keep up with the action.

Boost: Experts at credit scoring agency Experian predict a rise in spending among fans heading to pubs and among those stocking up on drinks and food for gatherings at home

The analysis assessed the impact of Euro 2024 and the Olympic Games on the UK retail and food and drink sectors over the next three months.

Experian’s Mohammed Chaudhri said: ‘We are a sports-obsessed nation and our data analysis shows that fans are more than happy to spend money.’

Experian used data from the Office for National Statistics on previous tournaments and games.

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