Skip to content
Thursday 23 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,639.86
-0.72%
DAX
24,792.10
-1.44%
CAC 40
8,293.33
-1.71%
STOXX 50
6,215.59
-1.61%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Monday 21 October 2019 4:36 am  |  Updated:  Friday 18 October 2019 5:37 pm

Recover that Olympic spirit to give London back its mojo

By: Michael Hayman

Add as a preferred source on Google
LONDON, ENGLAND - JULY 28: A general view on Day 1 of the London 2012 Olympic Games at Horse Guards Parade on July 28, 2012 in London, England. (Photo by Ryan Pierse/Getty Images)

“Inspire a generation.” That was the slogan for the London 2012 Olympic Games, and a memory of a moment when the capital and the country felt confident about the future.

Cast your mind back and recall the triumphs of elite athletes, the city at ease with itself, and the country bursting with the pride of a phenomenal achievement delivered for the world. It was a high point for the “feel-good factor” – the widespread feeling of happiness, tolerance, and kindness towards others. 

I wonder what our 2012 selves would have made of the scenes in Canning Town last week, where Extinction Rebellion protesters feuded with commuters? It was an attempt to provoke – and in that it was successful. Targeting mass public transport at rush hour, activists were dragged from the tops of trains by angry would-be passengers.

But it released hate not hope, and there was something heart-breaking about watching the frustration of everyday passengers boil over into rage. It was an own goal for the protesters, who rapidly lost public support, but also a sad day for many of the rest of us.

For that split second said much about our state of mind as a nation, and the reaction to it confirms the deep divisions that mark out today’s Britain. A crowd taking back control or a lynch mob losing its senses? It took moments before the rush to judgement began on social media.

One thing is for sure: whatever your view, the image of central London locked down last week felt a long way from London 2012. 

Whereas then Whitehall was the open playground for beach volleyball, it was now closed and under siege, dominated by the sight of concrete bollards and the sound of screaming police vehicle sirens.

For as long as you care to remember, London has been Europe’s confidence capital: a feel-good supernova, a superstar city, a powerhouse economy, and an innovation inspiration. That confidence has inspired people from all over the planet to make it their home. And it has given the city the energy and self-assurance of an open, global, and collaborative world leader.

But the thing about confidence is that it is powerful but fragile. It’s the nuclear fuel for progress. Don’t mess with it.

That is exactly what has been happening. London has found itself besieged not only with protesters, but other challenges that risk ebbing away at our sense of self.

Take crime. Last week, the city racked up an unenviable new record: knife crime at a historic high with over 15,000 offences in a year. 

Read more

LA28 Olympic Hospitality Launches New Once-in-a-Lifetime Packages for Equestrian, Golf, Beach Volleyball and More

The rational response is to develop better policing and justice strategies, and remember that the relative risk of crime remains thankfully low. But the reputational risk of being labelled a crime capital could do much to damage confidence.

It is why concepts like public safety or indeed the buoyancy of markets don’t depend just on the rational actions of the police or traders. They are influenced by intangible and unpredictable factors like how society reacts to an event.

Malcolm Gladwell, the writer who popularised the idea of the “tipping point”, described this as the moment “when an idea, trend, or social behaviour crosses a threshold, tips, and spreads like wildfire”.

Belief matters. The rise and fall of cities and nations alike is often aligned with the confidence of their people to win through. History is replete with places that once seemed unstoppable centres of ambition ending up as museums to the past.

It’s against this background that London’s reputation for success is too often taken as a given: the city equivalent of too big too fail.

And in the three years since the referendum, London has kept the show on the road. But you can’t help but wonder if these have been the years of survive rather than thrive.

The often privately held worry, especially among big business, is that Brexit in combination with a range of other challenges – from low productivity to stalling global growth – is the sign that good times can’t last.

But none of this is a given. So for London to continue to prosper, it needs to get its mojo back, and fast. 

High-performance athletes will tell you that the key to power performance is to positively envision yourself on your best day, to capture the feeling and to unleash the attitude.

We saw many of those days in the summer of 2012. London really does know what it is like when it is at its best. And we need to have the confidence to believe it and use it to inspire again.

Main image credit: Getty

Read more

Russians are poised to compete at the LA 2028 Games as IOC lifts ban

Getty Images logo displayed on a computer screen in a dimly lit room, emphasizing its prominence in digital media.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News
  • Opinion

Categories

  • Business
  • Opinion

Related Topics

  • London business

Trending Articles

  • Romesh Ranganathan makes it hard to defend the BBC

  • Regulator flags BDO’s ‘unacceptable’ audit issues for fifth year in a row 

  • Tax rises ‘guaranteed’ as Healey faces £22bn black hole from Burnham spending plans

  • ‘We are going to run out’: Mitie marks eleventh mega takeover of 2026

  • Rachel Reeves’ sister takes top legal role in Burnham’s Cabinet overhaul

More from City PM

  • LA28 Olympic Hospitality Launches New Once-in-a-Lifetime Packages for Equestrian, Golf, Beach Volleyball and More

    Business Wire
  • Russians are poised to compete at the LA 2028 Games as IOC lifts ban

    Sport Business
    Getty Images logo displayed on a computer screen in a dimly lit room, emphasizing its prominence in digital media.
  • England semi pulls in 24m on BBC but falls short of Euros final

    Sport Business
    Unfortunately, without the specific content or context of the article, I cant generate an accurate alt text for the image....
  • London doesn’t need more social housing, it needs more housing full stop

    Opinion
    Luxurious mansions surrounded by manicured gardens in an upscale residential neighborhood, highlighting opulent housing tr...
  • Starmer took sport freebies worth tens of thousands of pounds while PM

    Sport Business
    Getty Images logo on a digital screen, symbolizing media content and stock photography for news and business platforms
  • Motsepe backed to succeed Fifa’s Infantino by South African minister

    Sport Business
    GettyImages 2282672294 depicts a significant event related to the articles context, showcasing key elements and atmosphere.
  • Infantino facing IOC probe after complaint lodged over Trump’s Balogun intervention

    Sport Business
    Getty Images logo on a smartphone screen, symbolizing stock photography and media resources for news and business websites.
  • Is ABBA Voyage suitable for children? You bet it is!

    Life&Style
    ABBA Voyage concert with holograms of Agnetha and Frida performing, golden lights, and a live audience.
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook