Sunday, February 13, 2011

Britain counts the cost implications of the royal wedding

Wedding of Prince William, who has just made a proposal to his longtime girlfriend Kate Middleton, will be held in the spring or summer of next year and, writes Financial Times , will be the most fashionable of the royal celebrations for thirty years. The British press, inspired by news of the upcoming wedding of Prince William, analyzes the financial implications of this loud event.

News about the upcoming wedding has attracted widespread attention - high-ranking politicians viewed it as an excellent occasion for general rejoicing in a situation where many citizens are preparing for the consequences of the largest budget cuts in living memory is now British.



British Prime Minister David Cameron said he was "pleased to finally hear nothing cloudy good news." He said that the message about matrimonial plans for William was made during the Cabinet meeting and ministers has caused a rapid inspiration.

London Mayor Boris Johnson said: "I think everybody is happy. Surprisingly, this news is all cheered."

It is difficult to doubt his words, considering that all the British publication devoted to the news on at least one article, and some - such as the Daily Telegraph and Daily Mail went to format a special issue entirely devoted significant event in the life of the royal family. The papers in all the details are covered such topics as the future bride's wedding dress designer, her resemblance to Princess Diana, the future residence of Young and others.

New impetus to the economy ...



Financial Times, which is increasingly interested in the financial side, writes that the news of the wedding were pleased with many large companies in the UK, ranging from food retailers and travel agencies and finishing businesses, selling cutlery and clothing. They believe that the royal wedding will provide the long-awaited new impetus to the British economy.

However, economists have questioned the likelihood that the marriage of Prince can bring tangible benefits to the public. According to Stephen Tsimanskogo, professor of economics at London Business School Cass, hard to find examples of how social events would contribute to economic recovery, especially if it does not create any new infrastructure.

Managing tourism agency VisitBritain Sandy Dave says that the wedding would be "a powerful incentive for tourism." According to her estimates, the income from all associated with the Queen every year brings the tourist industry around 500 million pounds, and next year this figure will be even higher.

Aynsley China, representing the company Stoke-on-Trent, said that they had already begun to do service from expensive porcelain in honor of the event, and spokesman for the supermarket chain Asda says they have already ordered mugs with the words "Will" and "Kate" because "everyone loves the royal wedding."

Sources at the court pointed out that Prince William "was aware of the current financial situation" and did not want to contrive an expensive ceremony, when ordinary people are experiencing hardship. Recently, for similar reasons, Her Majesty Queen Elizabeth II has canceled the Christmas feast.

... Or excessive spending?

Nevertheless, the American magazine Time , is not encouraging Britons to fall into euphoria in connection with the good news, writes: "Although the idea of a bride in a white dress and a coach may make some smile of tenderness, the royal wedding is worth the money." Writes Time, taxpayers may have to take on the burden of paying bills, and it is now, when the country held an unprecedented cost-cutting measures.

Graham Smith, a representative of the Republic, calling for the abolition of the monarchy, said: "Taxpayers should not give a penny for this event. Let Windsor shell.

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