Of course, it is a complete fabrication on your part. The whole country got an extra bank holiday, and many took another day off. Maybe the sale of garish royal trinkets went up, but the real economy took a dip.
Of course you can show otherwise. This exact point was covered the last time and your opposition feel over then as well. Hotels, tour companies and transportation all got boost. Considering how many days off they get normally, one more day won't really matter. Yes much of the merchandise is garish, but people buy it and therefore so what.
Your opinion aside, how much did the day off actually cost the British economy?
From;
http://www.thedailyherald.com/supplements/weekender/17040-royal-wedding-stimulus.html
The royal wedding effect caused an increase in consumer spending even noted by the UK’s National Statistical Office. The spending surpassthe forecast of economists for April expenditure in the United Kingdom. The retail spending figure increased by 2.8 percent instead of the 0.8 percent predicted earlier. Although some feel that this growth in spending will not last, they do agree that the wedding gave a boost to the economy. Spending always helps a slow economy. Just consider that spending by consumers translates into income for other persons. In this case, both large and small businesses were getting an injection of cash from wedding preparations, wedding fever and the burst of patriotism of the British public.
The Daily Telegraph of the United Kingdom reported estimates of 500 million pounds in sales of food for shops and pubs, while visitors to London also spent 107 million pounds on accommodation, shopping and restaurants.
Dress designers and milliners or hat makers certainly did good business. In a time when, under normal circumstances, spending on exotic hats would be slow, a burst of demand for headwear for the royal wedding had London milliners busy. They too would have had to order extra materials to satisfy consumer orders. Their suppliers down the chain also earned some more income. According to walletpop.com, the Hat Gallery in London says sales have increased by 20 percent since the royal wedding. Judging from the fabulous attire of the guests, many designers were busy. Even though the initial spending boom may not be sustained at its current level, the benefits will continue to accrue in certain areas into the future. The designer who made the wedding gown will certainly see an increase in demand for her designs. It was the ultimate promotion for Sarah Burton to have made the royal wedding dress. Business will improve for the house of Alexander McQueen and also for the designer of any dress that Kate, now Duchess of Cambridge, will wear.
THE ROYAL wedding provided the United Kingdom’s tourism authorities with a priceless marketing opportunity. The event itself and preparations for the event were covered by all forms of media – newspapers, magazines, radio, television and online, including social media of course. The interest resulting from such constant and detailed global media coverage of Britain has led tourism authorities to expect an influx of tourists for the next four years. Who wouldn’t want to visit England after the sight of those carriages, uniforms, historic buildings and parks? The media presented Britain in all its traditional splendour and pageantry. The Tower of London, the parks, the Victoria Memorial in London as well as views of the countryside of Berkshire, of Scotland, of pubs and quaint little shops were all shown to people all over the world, some of whom would be curious and anxious to experience and view it all firsthand. But there was evidence that the wedding sparked tourism for the event itself; it was obvious that many visitors travelled to England to be present during the event. Some airlines offered promotions and others reported increased sales of seats to persons from other parts of Europe. The same constant media coverage showed us visitors from as far away as Australia and Canada .The tourism sector will enjoy a boost worth several million pounds from the royal wedding. The VisitBritain website was quite ecstatic and optimistic about the impact of the wedding on the tourism sector of Britain.
The media also provided invaluable marketing of British businesses, including some small businesses, as they covered stories related to the royal wedding and its preparations. Quite an interesting cross section of businesses benefitted from interviews and commentaries. Some of the small businesses certainly would not have had the financial resources to pay for the level of global exposure and promotion they received. These interviews and stories were tantamount to a trade show. Milliners, florists, cake makers, hair stylists and makeup artists received unprecedented focus. It was almost equivalent to a virtual storefront for these businesses. No doubt, the interest in British products generated by such promotion will lead to more sales especially from overseas customers.
CITIZENS ACROSS the United Kingdom hosted many street parties and other private parties took place. An unusually high demand for food and drinks would have contributed to that increase in consumer spending during April. In addition, the makers and sellers of patriotic mementos were doing brisk business with the sale of mugs, plates, tea towels decorated with the photographs of the royal couple. Sales of these items of memorabilia were not restricted to the United Kingdom. British citizens overseas also wanted their share of the royal couple too. The non-British also showed interest, especially Commonwealth countries, as well as buyers in the United States and Asia. The Telegraph reported that “30 percent of orders had come from Canada and the United States, but a high number of orders (about 20 percent) were from Asia.” This extended the market which was good trade for that industry. Even if the items are mugs, plates and tea towels, selling them abroad is still exporting. Moneysupermarket.com says people in Britain will spend about $480 million on food, drinks and memorabilia to celebrate the special event.
Even the media are adding financially to the spending with the cost of bringing equipment and personnel to cover the event, as well as paying out thousands of pounds to secure proper accommodations.