Olympics to bring £16.5bn boost to UK economy

The Olympics will deliver a £16.5 billion boost to the UK economy by 2017 and help create the equivalent of 62,200 jobs, a new report has claimed.

The estimated benefits are from 2005, when the Games were awarded, to the five years after the Games finish, and will come mainly as a result of building Olympic sites and the boost to tourism, according to the study by Lloyds Banking Group.