Royal Wedding to Cost UK Economy $7.9 Billion
Employers fear workers will take entire week off
By Rob Quinn, Newser Staff
Posted Nov 24, 2010 4:08 AM CST
Updated Nov 24, 2010 5:40 AM CST
Mug sales won't be enough to offset lost productivity, business groups warn.   (AP Photo/Tim Hales)

(Newser) – Good news for the British: They'll be getting an extra day off to celebrate the royal wedding next year. The bad news: That extra day off will cost the country $7.9 billion, according to calculations by the Telegraph. Business groups expect the day off to result in $9.48 billion in lost productivity, which will be offset by some $1.6 billion in extra spending by tourists and in sales of memorabilia.

The extra day comes the week after Easter, giving employees a 3-day work week. Employers fear many workers might call in sick for the entire week. "There will be a real temptation to not bother going into work that week. It could see many businesses just shut down," says the chief of Britain's Federation of Small Businesses. "There is a real risk we are turning into France when we just put down tools for weeks at a time." Click here to see how much the wedding itself is expected to cost.

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Showing 3 of 10 comments
cornelison
Nov 24, 2010 11:42 PM CST
A British Bishop has been suspended after called The Royals "shallow celebrities." He's only telling the truth. He further said that the marriage will last only 7 yrs. Ouch!! William's been going out with this girl for years. Charles probably told him to "get on with it." Isn't that what Charles' father, The Duke, told him? Look how that ended.
TC
Nov 24, 2010 6:55 PM CST
And they call themselves Royalty. Right.
iddydog
Nov 24, 2010 5:02 PM CST
At leaste they aren't giving all there money to all the friggen muslim countries like obama