Baby Sussex: How Meghan Markle’s baby could boost UK economy
3 months ago
You may not personally care that Meghan Markle and Prince Harry’s first child will be born any day now. But hear us out.
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.
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).
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
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.
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.
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.