X

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
Royal Wedding to Cost UK Economy $7.9 Billion
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.

story continues below

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.
(Read more Prince William wedding stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X