Fri. Dec 13th, 2019

Baby Sussex: How Meghan Markle’s baby could boost UK economy

Baby sussex meghan markle prince harry royal family duke duchess of sussex UK economyYou may not personally care that Meghan Markle and Prince Harry’s first child will be born any day now. But hear us out.

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Some will even say they simply don’t care. It’s 2019 after all, what role do the Royals, Meghan, or even Prince Harry play, and do we even need them anymore.

As it happens, if your answer to all of the above was “No! let’s turn Buckingham Palace into a laser tag castle” you may be in the minority.

The Royal family is still much loved and events like the last Royal wedding and the upcoming Royal birth still capture the public’s attention and perhaps most surprisingly get people spending money.

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WINDSOR, UNITED KINGDOM – MAY 19: Prince Harry looks at his bride, Meghan Markle, as she arrived accompanied by Prince Charles, Prince of Wales during their wedding in St George’s Chapel at Windsor Castle on May 19, 2018 in Windsor, England. (Photo by Jonathan Brady – WPA Pool/Getty Images)
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Courtesy of statista.com. Sources, The Economic Times, William Hill, womandandhome.com

Baby Sussex to boost UK economy

It’s estimated that the birth of Prince George added £240m to the British economy, with the spend split almost evenly across celebrations (£87m), souvenirs and memorabilia (£80m) and books, DVD’s and other media (£76m).

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Britain’s Prince George of Cambridge reacts as he arrives with other brisdemaids to attend the wedding of Britain’s Princess Eugenie of York to Jack Brooksbank at St George’s Chapel, Windsor Castle, in Windsor, on 12 October 2018. Photo: AFP/Yui Mok
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Courtesy of statista.com. Sources, The Economic Times, William Hill, womandandhome.com

Just like in fairytales though, the firstborn seems to get all the love. And a large drop in revenue with the arrival of subsequent children. Princess Charlotte’s birth added £75m to the UK economy

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Princess Charlotte (L) waves by her mother Britain’s Catherine, Duchess of Cambridge after attending the wedding ceremony of Britain’s Prince Harry, Duke of Sussex and US actress Meghan Markle at St George’s Chapel, Windsor Castle, in Windsor, on May 19, 2018. (Photo by Jane Barlow / POOL / AFP)
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Courtesy of statista.com. Sources, The Economic Times, William Hill, womandandhome.com

The third Cambridge tot, young Prince Louis, added £54m to the economy. Still, those are very impressive numbers. Approximately R1.4 billion according to current exchange rates.

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Britain’s Prince Louis of Cambridge is carried by Britain’s Catherine, Duchess of Cambridge on their arrival for his christening service at the Chapel Royal, St James’s Palace, London on9 July 2018. Photo: AFP/Dominic Lipinski

That’s enough to plug some of the gaps in our local budget. Maybe a South African royal family isn’t the worst idea ever after all. If we had thought of this earlier and made Jacob Zuma king we could have gotten some of the alleged state capture losses back by way of revenue from his children.

Meghan Markle making the Royals cool again

Prince Harry and Meghan’s marriage – with the making of a fairytale story where a Royal falls a famous actress – has put the Royal family firmly back in the spotlight.

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Britain’s Prince Harry, Duke of Sussex (R) and Meghan, Duchess of Sussex (L) react as they leave from Canada House, the offices of the High Commission of Canada in the United Kingdom, after attending an event to mark Commonwealth Day, in central London, on March 11, 2019. Britain’s Queen Elizabeth II has been the Head of the Commonwealth throughout her reign. Organised by the Royal Commonwealth Society, the Service is the largest annual inter-faith gathering in the United Kingdom.
Daniel LEAL-OLIVAS / AFP

One could probably argue that Meghan Markle’s fame in the US has done a lot to improve the Royals’ reputation. Which more than likely means another big payday when Meghan gives birth to her first child.

Read – George and Amal Clooney in the running to be Baby Sussex’s godparents

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