Royal Family: Economic Situation

Department for Culture, Media and Sport written question – answered at on 5 July 2023.

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Photo of Andrew Rosindell Andrew Rosindell Conservative, Romford

To ask the Secretary of State for Culture, Media and Sport, if she will make an assessment of the potential impact of the (a) platinum jubilee, (b) funeral of Queen Elizabeth II and (c) the coronation on the economy.

Photo of Stuart Andrew Stuart Andrew Assistant Whip, Parliamentary Under Secretary of State (Department for Culture, Media and Sport), Parliamentary Under Secretary of State (Department for Business and Trade) (Minister for Equalities)

The Platinum Jubilee, the funeral of Her Late Majesty and the Coronation of King Charles III and Queen Camilla were hugely important state occasions for our nation. They brought millions of people around the country and Commonwealth together and showcased the best of the United Kingdom to the world. Communities celebrated the Platinum Jubilee in around 16,000 local street parties across the UK while the funeral of Queen Elizabeth II was watched by hundreds of millions around the world.

Major Royal events such as these provide a significant boost to the UK economy through tourism, our hospitality industry and to the many other businesses that will have seen an increase in trade. VisitEngland projected that overnight holiday breaks in the UK during the Coronation Bank Holiday weekend would generate an estimated £1.2 billion economic boost, while UKHospitality estimated a £350 million boost for the hospitality industry over the long weekend.

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