Stat of the day: £620m

The boost the royal wedding is expected to give to the British economy

by Elizabeth Anderson
Last Updated: 09 Oct 2013
People may complain about the size of the civil list, but it looks like one member of the Royal Household could be about to single-handedly tackle Britain’s budget deficit. Because while the cost of the royal wedding, in all its pomp and circumstance, is likely to be funded partly by the UK taxpayer (in July it was revealed it costs the taxpayer 62p per person to keep the Royal family), it’s also expected to be a big money spinner for the UK economy.

Retail researchers Verdict are predicting the impending nuptials of William and Kate could provide a £620m boost to the UK economy. Apparently, it will produce a 'feel-good factor' similar to that seen during the World Cup.

Travel and tourism will also see a rise - monarchy-related attractions generate about £500m a year for the British economy, which is expected to rise significantly next year as the wedding approaches.  

Souvenirs are also a factor. Aynsley China has already begun manufacturing special fine bone china pieces (no doubt exquisite) - although if you’re after something a bit cheaper, eBay is selling mugs of the happy couple at a mere £7.95. And Woolworths (or its creditors) probably also has some merchandise knocking about, after it prematurely predicted Wills and Kate would get engaged in 2007 - just before they made a brief split.

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