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Thread: Can royal wedding stimulate economic growth?
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[quote=LAUGH,426715]How much will William and Kate’s wedding cost? Around 50 million pounds. Who will burden the expenditure? Don’t worry. The Queen and his father has promised to burden the cost. But the British government has to ensure the safety on the wedding day. It is said that 40 million pounds will have been spent on security issues and the taxpayers will burden the cost. It is estimated that the royal wedding will bring about an income of 1 billion pounds and stimulate the economic growth to increase 0.25 percent. In addition, the public will spend 620 million pounds to celebrate this event. Don’t rejoice too soon. The public will enjoy a holiday on the royal wedding day. Some research institutes estimate that the UK will lose about 6 billion pounds due to the holiday because people needn’t work on that day. [/quote]
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