Wedding of the Year has turned into a business – British economic analysts says: “The event will bring 1.15 billion euro to our economy. ” See here how much England will spend for the perfect wedding
British Prime Minister David Cameron announced that April 29, the date of the royal wedding between Prince William, the prince of Great Britain, and Kate Middleton will be a national holiday for the British. Thus, they allow everyone in the country and tourists to celebrate. In these circumstances, the publicized event, “translated” in numbers by british economists proves an advantage only for some businessmen, cold statistics suggesting that the ceremony is a hindrance for the rest.
According to them, the event in April will bring revenues of nearly $ 1.6 billion (about 1.15 billion euros) in the UK economy, only in sales and hotel industry. At the same time the wedding of Prince William and Kate Middleton will be paid by British state and will costs about 7 billion euros, which means a hole in the budget of nearly $ 6 billion and that happens in full recession.
A report conducted by British journalists shows the benefits enjoyed recently by souvenir vendors due to the upcoming event. By April 29 2011,the revenus of street vendors will increase significantly.
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The forthcoming royal wedding has become one of the most publicized event of the year. After paparazzi followed William and Kate everywhere, including during their holiday in Kenya last year, representatives of the Royal House have created a website where anyone who is interested can find details and biographical data of the future princess. There were hundreds of photos posted with the engaged couple, official statements, details about their relationship, including an explanation of all the rumors in the seven months that the two were separated. Site users have found out the route that the guests and the royal family wll follow in the wedding day and where the reception will be hosted. Even the model for wedding invitations were presented to the general public, the list of guests and the announcement that the money received at the wedding will be donated to charity.
In this context, the excessive coverage, royal wedding has become a source of inspiration for business and a mean of rounding income by selling decorative objects: plates, cups, cushions printed with names and pictures of the royal couple, personalized teddy bears.
If the royal wedding is a real `boom` for souvenirs industry , for construction workers is a nuisance. “Good luck to those who sell trinkets and saucers, but for us, turning the event into a national holiday is a bad news, ” said Dick Searle owner of a construction firm. “Nine complicated for us, ” he added, referring to the timing of marriage .
Catholic and Anglican Good Friday will be celebrated on April 22, followed by the Easter and wedding is scheduled just three days later. In that context, some Britsh will have a week off, while small businesses will have to pay the value of leased premises and equipment and also employee holidays.
FSB has publicly expressed their concern about the program changes that will occur once with the British royal wedding .A celebration that comes so soon after the Easter holidays increase the chances that many workers will extend the holidays.However, supporters expects the series of popular event announced in all cities of the kingdom.