• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A souvenir King Charles flag hangs inside a shop ahead of the Coronation of King Charles and Camilla, Queen Consort in London, Britain, April 30, 2023. REUTERS/Henry Nicholls
A souvenir King Charles flag hangs inside a shop ahead of the Coronation of King Charles and Camilla, Queen Consort in London, Britain, April 30, 2023. REUTERS/Henry Nicholls
Themed merchandise is displayed in a souvenir shop ahead of the coronation of Britain's King Charles, in London, Britain, April 12, 2023. REUTERS/May James
Themed merchandise is displayed in a souvenir shop ahead of the coronation of Britain's King Charles, in London, Britain, April 12, 2023. REUTERS/May James
Britain's King Charles attends a reception with MPs of both Houses and members of parliamentary staff, ahead of the coronation, in London, Britain May 2, 2023. UK Parliament/Jessica Taylor/Handout via REUTERS
Britain's King Charles attends a reception with MPs of both Houses and members of parliamentary staff, ahead of the coronation, in London, Britain May 2, 2023. UK Parliament/Jessica Taylor/Handout via REUTERS
Home
World
United Kingdom

King Charles' coronation will be an economic boost, Buckingham Palace says

May 2nd, 2023 | 23:04 PM WORLD United Kingdom 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

FTSE 100 falls as JD Sports tumbles on forecast cut
Sterling hits six-month high against fading dollar
Prince Harry and Meghan to move back to Britain
Key moments in Prince Harry and Meghan's six years in California
By Michael Holden

The coronation ceremony for King Charles on Saturday will be the most glorious display of pageantry seen in Britain for a generation and will provide an economic boost to the nation, its organiser and Buckingham Palace have said.

Charles, along with his wife Camilla, will be crowned at London's Westminster Abbey in a historic event whose origins date back some 1,000 years, and involving thousands of military personnel in a mile-long procession through central London.

"This is a proud moment in our national history," said Earl Marshal Edward Fitzalan-Howard, the Duke of Norfolk and England's most senior peer.

"This is also a time to remind ourselves of the pride we have in our great country and our unwritten constitution which has served us so well for over 1,000 years during our long history," Fitzalan-Howard, whose family have organised state occasions since 1483, told reporters.

Some 7,000 armed forces personnel will be involved in ceremonial duties, with more than 4,000, including military bands, taking part in a procession from the Abbey back to Buckingham Palace where the newly-crowned king and queen will be given a royal salute in the gardens.

It will be "a glorious display of pageantry", Fitzalan-Howard said. The royals will, as is traditional, wave to the crowds from the balcony of Buckingham Palace afterwards, and there will be a flypast by military aircraft.

As the palace has previously acknowledged, the service itself will be different to that of Queen Elizabeth seven decades ago, reflecting the different eras.

There will be only 2,300 guests in Westminster Abbey as opposed to the 8,000 who watched in 1953, although 100 heads of state will still be present, and it will be much shorter.

Critics have questioned the cost of a lavish coronation when the public is facing a cost of living crisis but a palace spokesperson said there were reports that more than 1 billion pounds ($1.25 billion) was expected to flow into the struggling economy as a result.

"It’s not for me to say how accurate those figures are but certainly the theory pertains that the celebrations are an enormous economic boost to the nation," the spokesperson said, adding that having so many heads of state present was also a huge networking opportunity.

However, consultancy Pantheon Macroeconomics said it expected that British gross domestic product would fall about 0.2% month-to-month in May, with the decline due to the extra bank holiday the government has allocated for the coronation.

($1 = 0.8015 pounds)

  • Topic
  • BRITAIN
  • ROYALS/CORONATION (PIX, TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article FTSE 100 falls as JD Sports tumbles on forecast cut

Related Posts

United Kingdom
August 20th, 2026

FTSE 100 falls as JD Sports tumbles on forecast cut

United Kingdom
August 20th, 2026

Sterling hits six-month high against fading dollar

United Kingdom
August 20th, 2026

Prince Harry and Meghan to move back to Britain

United Kingdom
August 19th, 2026

Key moments in Prince Harry and Meghan's six years in California

United Kingdom
August 19th, 2026

Prince Harry and Meghan to move back to Britain, media reports say

United Kingdom
August 19th, 2026

Palestinian-British family die in 'tragic accident' off English coast

The Wire
Aug 20th 1 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

Aug 20th 1 h ago
Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th 2 h ago
Europe

Romania destroys marine drone near Neptun Deep gas project,...

Aug 20th 2 h ago
World

Kremlin says ousted Ukrainian minister's call for elections...

Aug 20th 2 h ago
Middle East

US envoy Huckabee tells Israeli settlers not to take Palest...

TRENDING ON FINANCETIME
Aug 20th, 2026 Energy

EU not concerned about gas supply or storage filling, Commission says

Aug 20th, 2026 Litigation

Novonesis expects results from weight-loss drug supplement study in 2027

Aug 20th, 2026 Retail & Consumer

Ocado confirms Denmark's nemlig as latest European partner

Aug 20th, 2026 Government

Bitcoin, crypto shares climb after Trump pushes Clarity Act

Aug 20th, 2026 Business

Walmart reports rare comparable sales miss as consumers cut spending, shares fall

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT