Arab Today, arab today royal baby boost expected for uk business
Last Updated : GMT 16:10:08
Arab Today, arab today
Arab Today, arab today

Royal baby boost expected for UK business

Arab Today, arab today

Arab Today, arab today Royal baby boost expected for UK business

London - AFP

British companies can expect a temporary boost from the birth of Prince William and Kate\'s new baby as souvenirs and champagne fly off the shelves and tourists flock to the country, business leaders and analysts said Tuesday. Retail sales could see an increase of £243 million ($372 million, 283 million euros) from the arrival of a future king, based partly on the experience of the couple\'s wedding in 2011 and the diamond jubilee of Queen Elizabeth II in 2012, analysts said. \"If the experience of the royal wedding and the jubilee is anything to go by, this good news should also bring about a temporary \'baby boost\' for retailers in the UK,\" said Helen Dickinson, director general of the British Retail Consortium. \"It will undoubtedly bump up sales of baby products, souvenirs and brands favoured by the new royal parents, but the past two years have also demonstrated that the feel-good factor has a more wide-ranging positive impact on retailers.\" The birth will also give a \"temporary lift in the general mood\" at a time of broader economic gloom and austerity under Prime Minister David Cameron\'s Conservative-led government, she said. International consumers may also be more likely to visit British brands\' websites and overseas stores, said Dickinson. Howard Archer, an analyst with IHS Global Insight, said that while there was huge global interest in the birth of the new third in line to the British throne, the economic impact would be \"limited -- albeit overwhelmingly positive\". \"At the margin, the royal birth may provide the economy with a temporary, small positive boost at a time when it seems to be increasingly moving in the right direction,\" Archer said. \"The most obvious support to the economy coming from the royal birth will be some boost to retail sales through people buying souvenirs and commemorative items, while there is also likely to be a small lift to alcohol sales as some people will want to toast the royal baby,\" he added. The baby would contribute to a general feel-good factor following recent British sporting successes such as Andy Murray winning Wimbledon, Chris Froome cycling to victory in the Tour de France, and the England cricket team\'s success so far in the Ashes series against Australia, said Archer. The Centre for Retail Research, based in Nottingham, central England, estimated an extra £243 million in sales in July and August. It predicted £87 million spent on royal baby celebrations -- much of it on alcohol -- £80 million on toys and souvenirs and £76 million on books, DVDs and newspapers. Tourism officials said that while it was difficult to put an exact figure on the likely baby boost, Britain\'s cultural heritage as embodied in the royal family boosted the economy by £4.5 billion a year. \"While a living royal family gets us an enormous amount of free advertising for Britain around the world, it\'s not really something we can estimate a figure for and the international coverage alone is priceless,\" a Visit Britain spokesman said. \"We know that visitors drawn here by the appeal of our culture and heritage spend over £4.5 billion annually and support around 100,000 jobs,\" the spokesman added. \"Some of that figure can be attributed to attractions and events with a connection to Britain\'s monarchs past and present.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today royal baby boost expected for uk business Arab Today, arab today royal baby boost expected for uk business

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today royal baby boost expected for uk business Arab Today, arab today royal baby boost expected for uk business

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday