While the Team GB competitors strive for medals in venues all over the country, the Coalition government is using the Olympic Games to promote UK trade.
"Trade and investment is critical to our economic recovery and future prosperity," said Business Secretary Vince Cable.
"This summer's Olympic and Paralympics Games is more than just a great sporting spectacle - it is an unrivalled opportunity to promote the best of British industry and make the most of our openness to foreign trade and investment."
As the school holidays began last week, Deputy Prime Minister Nick Clegg went to a school in Pimlico, London, to see one of the first summer schools in action. He went to find out how the scheme is supporting those pupils most at risk from falling behind in their transition from primary to secondary school.
Nearly 2,000 new summer schools will open their classroom doors in July and August to help some of the most disadvantaged pupils in England, benefitting around 65,000 children.
Many pupils find the move to a bigger school - and a more challenging curriculum - daunting, which can lead to a dip in their performance. Pupils who fall behind at this stage often never catch up.
Students eligible for free school meals regularly under-perform compared to their peers. At the end of primary education, just under 58 per cent of disadvantaged pupils achieve the expected level of attainment, compared with almost 78 per cent of other pupils. These attainment gaps often widen as pupils progress through school.
The new summer schools programme was announced by Nick in September last year. Secondary schools will provide extra support to disadvantaged pupils making the transition from primary school to help improve their educational attainment.
The extra 'brain training' will include catch up classes such as literacy and numeracy boosters, sessions to familiarise them with secondary school life, plus arts, music or sporting activity. The curriculum for the two weeks will be designed by individual schools to give maximum flexibility so that courses are tailored to pupils' needs.
The announcement this week by the Prime Minister and Deputy Prime Minister of more than £9bn investment in the rail industry has delighted Liberal Democrats around the country. The announcement underlines the Coalition government's determination to provide a modern efficient railway system for both passengers and business.
The package represents £4.2bn of new investment in 2014-2019 on top of the £5.2bn already committed to rail in the 2014-19 period.
For decades UK railways have been neglected. Over the last 50 years the network has halved but, since 1980, passenger journeys have doubled. The result is a less efficient and more expensive rail network than our European counterparts.
"People have been taking a personal stand against bank scandals and moving their money to local, ethical or mutual financial institutions that they feel they can trust. But for many the local choice has been quite limited. So the sale of hundreds of Lloyds branches to the Co-op is not only good news for taxpayer but customers as well.
"Currently, the consumer banking sector is dominated by a small number of banks who have been taking their customers for granted. A healthy banking sector relies on diverse banks competing for customers by offering competitive deals.
"Liberal Democrats have long championed the mutual approach to business because mutuals give people a proper stake in the places they work, spreading wealth through society, and bringing innovative and imaginative business ideas to bear on meeting local needs.
"That is why the Co-op and other local, ethical or mutual banks have a vital role to play in making our banking sector more diverse. This deal will help throw open the retail banking market, give a boost to mutual banking and will help the industry move back to responsible banking that benefits the wider economy."
"For decades our railways have been neglected. Over the last 50 years our network has halved, but since 1980 passenger journeys have doubled. The result is a less efficient and more expensive rail network than our European counterparts.
"I am delighted that the Coalition Government is doing the right thing, prioritising spending on rail to sort out this mess, despite the massive deficit.
"This investment will reduce journey times, create new services, ease over-crowding, bring down running costs, reduce the impact on the environment and generate jobs and growth across the country.
"The costs of using trains shot up under Labour and we need to continue to ensure rail transport becomes more affordable.
"Liberal Democrats believe that public transport should be sustainable, reliable and available to all. We were the first to back high-speed rail and the strongest supporters of new investment. Now we're in Government, the country is investing more than at any time since the Victorian era."
"Labour left many areas facing a chronic shortage of school places and the Coalition Government is doing the right thing in dealing with this legacy. We've already invested an extra £600m in England to relieve the pressure on school places and it's important that Free Schools do their bit as well. That's why Free Schools must be predominantly located in local areas that desperately need new places.
"Free Schools were in the Coalition Agreement and we are working to ensure they are fair schools. Thanks to Liberal Democrats, Free School Trusts cannot make a profit and are expected to admit the same proportion of children on Free School Meals as the area where they are based.
"It is important that the Free Schools announced today now build up links with local communities and work alongside existing schools. We will continue to closely scrutinise Free Schools to make sure they improve education for all children, not just a privileged few."
Lords reform came a step closer after MPs voted overwhelming in favour in the House of Commons on Tuesday night. Conservative votes against, however, plus the blatant double standards by the Labour opposition, meant that a timetabling motion will now be postponed until the autumn.
In an interview on the BBC's Today Programme, Nick Clegg showed his strong commitment to see that Lords reform makes the Statute Book.
"As the Foreign Secretary said, our EU membership is firmly in the national interest. This review will help inform people about our positive agenda for Europe by providing a constructive and serious British-led contribution to the wider European debate about how to modernise, reform and improve the EU.
"We are already delivering major positive EU-wide reforms such as devolving powers over fisheries policy, dramatically lifting the burden of regulation on small businesses and strengthening MPs' involvement in EU affairs at home. There is much more we want to deliver.
"But holding the EU to ransom as some want to do simply does not work. We will be left without a UK seat at the table, unable to stand up for the UK's interests when neighbouring countries make separate agreements on growth and financial services, and powerless over serious cross-border issues like pollution, climate change or organised crime. That is not standing up for Britain."
"The UK has a proud record of campaigning against the death penalty overseas. Today's announcement demonstrates that the UK is taking the lead on fighting the death penalty internationally and the Liberal Democrats are doing the right thing by taking the lead on this issue within the Coalition Government.
"This position is not simply a matter of policy but also a point of principle. The death penalty undermines human dignity. There is no conclusive evidence of its deterrent value, and any miscarriage of justice leading to its imposition is irreversible and irreparable.
"Last year, Vince Cable introduced export controls on four drugs used in lethal injections. Extending these controls to cover propofol is the right thing to do and an important step that will help ensure that UK drugs cannot be used in executions abroad."
"Liberal Democrats have always been passionate EU reformers and we welcome many of the constructive calls in this report, like increasing MPs' involvement in EU affairs and more Brits in EU institutions.
"The call for a long list of demands for unilateral repatriation and carve-outs is neither achievable nor desirable.
"Trying to wriggle the UK out of the bits of the single market they don't like whilst insisting on keeping full access to it is trying to have your cake and eat it. Neighbouring countries will make separate agreements on serious cross-border issues like pollution, climate change or organised crime without us. That is not standing up for Britain. It is a recipe for failure, international isolation and weakness.
"As current Fisheries Policy reforms show, EU-wide reform and bringing back decision-making powers to a local level is possible. This requires rolling up your sleeves, building alliances and winning the argument. The proposed kind of international blackmail is destined to fail and will damage the UK in the process."
