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Time: 16:21 23 May 2011

Team GB could finish third

13th July 2012

A new report suggests that Great Britain could finish third in the Olympic Games medal table.

The study from Goldman Sachs predicts that the country could win a total of 30 gold medals – higher than current expectations, reports the Daily Telegraph.

By using economic modelling techniques, the company believes that host nations can expect a 54 per cent increase in the number of medals won and this would mean Team GB picking up 65 medals overall.

The report said: "Our forecasts reflect two very clear patterns revealed in our analysis.

"First, countries with superior growth environments and higher incomes are expected to win more medals, and, second, there is also a marked host effect that will likely bump up the number of medals attained by Great Britain."

UK Sport has set the squad a target of 48 medals and to finish fourth in the table behind the US, China and Russia.

The Olympic Games starts with an opening ceremony on July 27th, which is expected to be watched by around four billion across the world as well as 60,000 in the stadium.

People staying in central London hotels who were lucky enough to get tickets to the spectacle will be able to see the vision of filmmaker and director of the ceremony Danny Boyle brought to life.

Details of the exact nature of the ceremony are a closely guarded secret but it has been revealed that the Olympic Stadium in east London is set to be "transformed into the British countryside" with a cast of 10,000 people and possibly featuring live animals such as cows and sheep.

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