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The following article was published in our article directory on December 3, 2010.
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Prince of Marriage Whether Can Save the UK Economy

Article Category: Business

Author Name: Amanda xzh

British royal family in the recently announced, and fell in love with Prince William's girlfriend Kate Middleton for many years will be April 29, 2011 wedding in Westminster Abbey. High unemployment rate in Britain, comparable to the Greek budget deficit crisis, the complex economic environment, the Prince's wedding to the British economy will be what new hope?

Although the details of the wedding is still planned, but the economic effect has begun to appear - all walks of life have their brains trying to be assigned from this a piece of royal wedding.

British tourism and retail industries have been one step ahead. Britain receives about 30 million visitors each year, but the impact of the global financial crisis, this year April to June period, the visit to the UK last year than the number of visitors decreased by 3% decline in revenue related tourism as a whole. Marriage information came out, met Prince William and his girlfriend live in the city and large sought after marriage, became a fashionable tourist destination, more tourists come here especially after another. The UK market is currently printed on William and Kate photos and heart-shaped pattern of the plate glass business has become a popular purchase, the wedding has the potential to trouble the British economy more than 1 billion pounds in revenue.

Played the "Wedding card" why

British royal family to organize a big way in this node has its own prince, the intention of the wedding.

The clock back 30 years. In 1981, Charles and Diana wedding, the British economy is facing serious difficulties. At that time, the British radio and television companies to more than 700 million viewers worldwide broadcast the wedding, the whole wedding cost more than 30 million pounds, when he was Prime Minister Margaret Thatcher, the world's attention by this marriage greatly boost the British economy, ease came to shove. Therefore, the secret, there are many British people look forward to the wedding of Prince William's parents as he can, like, in order to save the British economy out of a force, to the economic recovery marked by a shot in the arm.

From a practical point of view, has just taken the financial crisis intensified the pace of recovery, the EU back to the debt crisis has only made the foot. UK Budget Accountability Office recently lowered in the next two years the UK GDP growth is expected that the weak British economic development prospects, the future pace of recovery is slow. William the wedding of a trump card in this particular period may be able to help the British economy a helping hand.

In fact, the European royal family to play "wedding card" to save the national economy is not new. In 2004, the wedding of Crown Prince Felipe of Spain despite spending more than $ 25,000,000, but after the Madrid government, said the cost of the wedding will be "significantly less than" the creation of value, because the overwhelming media coverage of the impact to the Madrid equivalent to 10 billion euros to the effect of advertising.

The voice of the skeptics

William wedding to give the "double-edged sword effect" still exists.

Financial turmoil forced the British Government to slash spending the past two years, shrinking the royal family also followed suit on a diet. If next year's wedding show and is too large, I am afraid it will make people uncomfortable. According to British media reports, Prince Charles and the Queen has agreed to pay about 50 million pounds of the wedding expenses. Some observers estimated that up to 40 million when the costs of security will inevitably be borne by the people.

William the British Cabinet decided to wedding day national holiday, and before and after the occasion of the Easter wedding, weekends and Labor Day, which means that the British will have 4 consecutive days of vacation. Some companies may even catch a break because the employees 11 days annual leave and continuous closed. Prince William Sound commercial sources said the wedding will cause 50 million pounds of losses. And the other from the Confederation of British Industry's argument is that the industry cut production due to holidays and overtime combined economic losses of up to 60 billion pounds.

New wine in old bottles can be effective is also a problem. After all, from the last "success" of the century, the wedding is over 30 years. That the British Government through the joint royal wedding of Charles and Diana to achieve a win-win outcome, but that time the British economy has shown signs of recovery, the economy looking up. And today's Britain, the financial crisis has not dissipated, the European debt and ensuing tsunami, how to get value for money of expensive fairy tale ceremony, becoming the British royal family placed in front of a mathematical problem.

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