Coronation cost: Too expensive or good for business?

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The coronation is estimated to cost up to £100m - but will the returns justify the outlay?

"We're struggling for heating and eating and they're splashing all this money out," she said.

But, he added, he did not believe the government was being upfront about what the cost of the event was likely to be.Len, a car parts salesman, said his business would close for an extra day for the CoronationThe Department for Digital, Culture, Media and Sport , said it was "unable to give costs, or a breakdown of funding" until after the event.The London Chamber of Commerce and Industry believes that economically the Coronation is, "overall, a good news story".

The Coronation, he believes, will create the "massive boost" those businesses need to "get back on track" after they were hit by the Covid pandemic and subsequent train strikes."Anything that hits that reputation is bad news, and now we have a major global event that the whole world wants to see and that is good for the bottom line for the business community and the jobs dependent on those businesses.

UK Hospitality, which represents bars, restaurants and hotels, believes the Coronation will deliver a £350m boost for the sector.Regent Street in central London has been decorated with bunting, like streets across the capital

 

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