Will Britain's success in the Olympics do anything to create a feel good factor that will offset the Government's recent misfortunes? Harold Wilson's campaign in the 1970 general election for a 'doctor's mandate' was arguably derailed when England exited from the World Cup.
It could be argued that government policy has assisted the successes achieved with the Department of Media, Culture and Sport ensuring that National Lottery money was made available for training facilities and coaching.
However, reasonably enough, the general public will give the credit to the sportsmen and women involved, although no doubt Gordon Brown will try to milk his appearance at the closing ceremony for favourable publicity.
Compared with inflation and a depressed housing market, Olympic success will probably only provide a short-lived glow in what has been a cool and wet summer.