It is said that the Olympic games will help recover the UK economy, as opposed to the view that the UK cannot afford to host such an event. According to a study from the Lloyds Banking Group, the UK economy is predicted to benefit from a £16.5 Billion GDP boost from the Olympic and Paralympic games. Tourism and construction sectors will push the economy as a result of the Games and will therefore create jobs and opportunities for businesses. In fact, small and medium businesses are expected to create 52% of the overall GDP increase. It is also expected that the Games will create a so called ‘happiness effect’, which will cause an improved confidence and therefore increase consumer spending.