Prince William And Kate: The Significance Of A Royal Wedding In Finance And Economics

The scene of 1997 has been inscribed on the memory of the British: Prince William, 15 years old, lowered his head and followed the coffin of Princess Diana. A little card was placed in the garland on the coffin, with only one word "mum" written on it.

14 years ago, the sad boy had grown up and was about to start a family.

In April 29th, Prince William of England wanted to join hands with his Kate Middleton.

Faced with the heavy burden of deficit, Downing street is cutting down on financial expenditure and making people spend time together.

However, this luxurious wedding has not caused much dissatisfaction, and everyone believes that the strong effect of the prince's wedding on the doldrums of the British economy will far exceed the cost of the wedding.

It is estimated that 2 billion people will watch live broadcast on the wedding day, equivalent to nearly 3 times the audience number of William's parents Charles crown prince and Diana's wedding live broadcast 30 years ago.

The government and the tourism industry look forward to this marriage happily no less than the new couple.

Those who come to the scene to watch the wedding will lift the number of daily visitors in London from 500 thousand to 1 million 100 thousand.

The UK Tourism Board predicts that the royal wedding will bring benefits to the country's tourism industry for 18 months.

With the wedding date approaching, the stimulation of the wedding to the consumer excited the business, and the media came closer to madness.

All kinds of souvenirs such as this century wedding have springing up from books, porcelain, T-Shirts, postcards, kitchen utensils and dolls.

Tom Binet, general manager of Jersey Company RoyaL, said that because the hotels around the world were following the royal wedding menu, orders for Jersey Royal potatoes exported to the UK were 5 times higher than the same period last year.

Gambling companies are also coming to the golden moment, with all kinds of gambling, and the latest opening is to predict which part of William will kiss the bride, kiss 1 lips and 1.2, kiss the cheek 1, 5, kiss the ear 1 1.

In contrast, the enthusiasm of the British people seems to have not been fully mobilized.

The British government has long declared this day a public holiday for the sake of celebration.

But the survey by YouGov, a data research firm, shows that people who want to watch this wedding are not equal to 35% of those who are not interested.

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Kiss of gold

Cinderella Kate

In April 23rd, the royal family announced a list of guests attending the ceremony. The 1900 guests included national dignitaries, celebrities, ambassadors, and more than 40 foreign royal officials.

The media was surprised to find that two former prime ministers, Blair and Brown, were not invited.

The neighbors of the bride's hometown are more fortunate than them.

The butcher, the postman, the bar and the shop keeper in the small village even received a royal invitation to the bartender who was familiar with the hotel where Kate's parents often went on holiday.

Kate, 29, was born into a middle class family rather than a nobleman.

Because the mother's grandfather was a coal miner in Durham, some media called it the marriage of the miners' descendants and the royal family.

Kate is the eldest daughter in the family, has a younger brother, a younger sister, the father is an air dispatcher in the early years, the mother is a stewardess, after 7 years of marriage, two people decide to enter the business, operate the mail order business in the home, sells the gathering thing, this has made them become the millionaire, thus has the ability to send three children to the expensive private private school.

Kate and William met at the University of St Andrews's history of art in Scotland.

The couple started dating in 2003 and broke up in 2007.

In the eyes of Kate's classmates, this girl is excellent, intelligent, creative, and loves sports.

She was the captain of the school hockey team and was a great tennis player.

But all this does not prevent British tabloids from making negative reports on her family background, such as her mother chewing gum at Prince William's graduation parade, saying "not elegant" to the queen in front of the queen, toilet.

Although her parents have always maintained a low profile and dignity in their dealings with their princes, they are still portrayed by some media as an upstart who tries to squeeze their children into upper class society.

The media also called Kate "waity Katie", saying that she had no formal job at the time, and she was waiting for her to do so. Besides shopping and social networking, she was waiting for the royal family to propose a marriage to Kate.

However, since the announcement of the engagement and marriage in November last year, Kate has earned a high opinion of her dignified and graceful performance in public. Many people have taken the princess to the same age as Diana.

Kate and William chose to hold a wedding ceremony at Westminster Abbey. Westminster Abbey witnessed the incumbent.

Carnival and "rush"

Because Britain is facing financial strain after the financial crisis, the royal family and the Kate will jointly pay for wedding expenses, including entertaining guests and honeymoon.

But taxpayers have to bear the cost of security and traffic maintenance, which is expected to cost only 20 million pounds.

Owens, head of the London police, said at the briefing that police had searched every inch of the road to Westminster Abbey and inspected trash cans, sewer systems and streetlights along the way to prevent ambushes.

On the day of the wedding, from the Buckingham Palace to the Westminster church about 2 kilometers along the route, 5000 duty and backup police will be deployed.

However, these expenses are nothing compared to the economic benefits brought by the wedding to the country.

For Easter, the two 4 day weekend holidays, more than 1/5 of the British people simply use this time to take a thorough vacation.

Travelodge, an economic chain hotel, said its orders increased by more than 10% over Easter last year.

The British beer and Bar Association says weddings and two consecutive weekend holidays will bring 600 million extra pounds to the bar industry, and 80% of bars have applied for extended weekend opening hours.

The British retail and tourism industry will receive an extra harvest of at least 620 million pounds on the wedding day of April 29th, which includes 480 million pounds of food and party products consumed by people watching royal wedding and street parties.

Gambling industry also took the opportunity to open all kinds of gambling projects. Details of the wedding -- from the length of the wedding dress tails, the contents of the main course of wedding banquet to the color of the Queen's hat were all noted.

Ladd Brooke, a spokesman for the chain store, said Alex Donohoe had received many bets from Spain and Commonwealth countries and estimated that it would earn 1 million pounds for wedding gambling.

However, affected by the economic downturn, the popularity of the Royal Wedding seems to be much worse than before.

The local government association has received and approved 5500 applications for closing roads because of street parties, including more than 800 in London.

In 1977, when celebrating the Queen's Silver Jubilee, only 4000 street parties were held in London.

In London's road closure applications, including Prime Minister Cameron, the road closure of the street party outside the prime minister's office, 10 Downing street.

Cameron also appealed to the public last week to move the tables and chairs to the streets, celebrate Street gatherings with neighbours, and ask local governments to meet these applications as far as possible.

But some areas in the UK seem to be indifferent to it. Glasgow has never been applied, and there are only 30 applications in Scotland.

The media predicted millions of people on street carnival are quite distant. It is hard to reproduce the scene of national celebration when William's parents got married.

"In order to make the street parties as easy as possible, the local authorities in the whole country have done their best."

Chris White, chairman of the British Local Government Association, said.

The government hopes to boost domestic and foreign needs and inspire people's hearts by giving big wedding events to bring vitality to the depressed economy.

Despite the limited enthusiasm of the public, the demand for great attention from abroad has already emerged.

600 thousand tourists from all over the world who want to experience the wedding will directly contribute 50 million pounds to the UK's tourism revenue.

A pizza chain recently plated the menu into 20 languages.

The British Tourism Board has designated 2011 as the theme year of the Royal tourism.

In China's major travel agencies, this year's British line is also more popular than usual.

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Royal future

Earlier this year, the princess of Sweden, Princess of Vitoria, married her personal fitness coach, Daniel, who spent $11 million 400 thousand on the Swedish taxpayer, sparking controversy in Sweden and debating the future of the monarchy.

In Britain, there are also some agencies that express dissatisfaction with the Royal Wedding requiring taxpayers to pay their bills. They criticize that the queen has enormous wealth and taxpayers should not be charged with royalty.

When it comes to reducing financial expenditure, there is a constant demand for the removal of the royal family.

According to the polls, 70% of the British people support the constitutional system of constitutional monarchy. Only 20% of the respondents insist on realizing the Republic.

Some Republican organizations applied for weddings to the police in the main cities of London, Manchester and Edinburgh on the day of the wedding. They held an "alternative" open-air rally to carry out anti wedding parties. Some local governments in central London have rejected similar applications.

The British government has a historical reason for paying royalty.

Before 1760, the consumption of royalty was completely self-sufficient.

In 1760, King George Sans agreed to hand over a large amount of property to the state in exchange for the government's special appropriation.

These include central London housing, rural land and forests, and 55% of the beaches in the country.

The property is currently worth about 7 billion pounds, which brings 200 million pounds of revenue to the national finance every year, and the government appropriated the royal family to about 40 million pounds a year.

In the last fiscal year, the total cost of the royal family was 38 million 200 thousand pounds, down 7.9% from the previous year, equivalent to 62 pence per person per taxpayer.

The queen is like a world-famous British trademark. The royal family is very attractive to foreign tourists. It brings an average of 500 million pounds a year to the British tourist industry.

"I don't really think I'm a royalist, but I know who they are, and the benefits they bring to the country," Wang Shi said.

More than one ordinary British told reporters.

At present, most Britons do not want to dethrone the royal family. They seem to think that Prince William, who is the second heir to the throne of England, will be a better king than his father Charles.

Opinion polls by various agencies show that most people believe that Prince William and his fiancee Kate are the next British king and queen, which will be more conducive to the long-term interests of the royal family.

But people who supported William's jump over Charles's direct successor were not majority.