Posted on 04/23/2011 8:28:21 AM PDT by SeekAndFind
Except for the crowds and the gowns and the jewelry - on a certain level royal weddings over the years have been like many others. But royal weddings are different in one special way, as CBS News correspondent Mark Phillips reports: They all claim to be good business, so we're told.
Jacqueline French, of London and Partners Tourism Promoters, says, "There's a here's a huge opportunity in London that comes from hosting such an event as the royal wedding. In fact if we have the same number of visitors who came to the wedding of Charles and Diana in 1981, which was around 600,000 people, we could have an economic benefit to the capital of around 30 to 50 million pounds."
That's about $80 million spent by all the people who come to eat, sleep and make merry in one of the world's most expensive cities. Some tourists say they're spending $1,000 a day in London. That's before buying all the mugs, plates, dish towels, bags, cushions, stamps, pillows, playing cards, champagne glasses and biscuits - which can be sent anywhere in the world.
(Beware of those mugs made in China which suffer from brotherly confusion. The mugs mistakenly have Prince Harry, not William next to Kate.)
But all the pomp is expensive. The royals, known as "the firm" because they are a business, receive a government grant of about $13 million a year to cover expenses. But the public cost of the wedding far exceeds that.
Extra policing and overtime alone is estimated at more than $35 million. Here's a further cost - when all the people are celebrating, they're not working. And because the wedding holiday falls between two long holiday weekends in England, you can take 11 days off by burning only three days of vacation time.
(Excerpt) Read more at cbsnews.com ...
A spit in the ocean compared to what is being spent on maintaining the life style of the Pretender and his family in the White House.
Think how much worse the cost would be to their economy if they invited the White House Trash rather than the Euro Trash.
What has Obama-loving, CBS’s Leftist bias, eporting cost America?
Re the China cups
Language really does make people think differently.
They could copyright the video and collect . . . royalties.
Royal wedding, bailout.
Potato, potato.
Sure, it will cost billions. Add on $20 million for this idiot economic “analysis” and all the time people waste on reading it.
Maybe it will be the final straw that will bankrupt CBS News.
Hey . . . . Not a bad idea!
Looks like the nancy boys at SeeBS have their panties in a twist because their messiah wasn’t invited. One can only imagine what Sasquatch would have worn! NO ONE wants that at their wedding!
Hey nothing better then showing unemployed peasants what they are missing
My buddies wedding is 6 grand and it has all you can drink bar.
I know a guy in Vegas that'll do it for 50 bucks, tux included!
At least the UK is getting something for its money.
Hotels, food, etc.............................................. £90 million
Having fun in London...................................... $1000 a day
Obama and the First Moose not invited........... PRICELESS
Prince Phillip. Prince Charles. Princeling William.
When Bill’s wife produces a son England is going to be knee-deep in princes.
BS
Everyone knows that government spending stimulates the economy!
Just think of all the jobs created or saved!
Even if the statement weren't hyperbole, which it is, it's .25 % off growth, which if generously estimated, would max 4% of GDP; so it would need an economy of 20 trillion to have a diiference of growth of 3.75 % rather than 4% = $50 billion. The guy that wrote the article is stupid. The 9/11 attacks were estimated to cost $100 b off U.S. economy, last time I saw it estimated.
Better than czars!
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