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PostPosted: Tue Jul 26, 2011 10:36 pm 
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Joined: Tue Feb 21, 2006 5:22 pm
Posts: 3242
Location: In the early days of a better nation
Apparently the Royal Wedding, plus holidays caused a 0.5% decline in the UK economy, and has delayed recovery. 0.5% is a large amount in economic terms for a western state.

So much for the supposed benefits.

Current growth is about 0.2% which is very poor.

The BBC has buried some of this information deep in an article on slowed growth in the last quarter.

http://www.bbc.co.uk/news/business-14288348

Quote:
The ONS highlighted a number of special events in the second quarter that may have affected the GDP figures.

They were: the additional bank holiday for the royal wedding, the wedding itself, the after-effects of the Japanese earthquake and tsunami, the first phase of Olympic ticket sales and the record warm weather in April.

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