You are reading a single comment by @Markyboy and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@Markyboy
These kind of reports are pointless, they only confirm what we already know - that some businesses will make money out of the events. They do nothing to make the economic case for having a royal family, they take no account of costs, they take no account of lost revenues, they take no account of tourists who would come if we didn't have a royal family, etc.
*However the Chamber warns the good news will be offset by lost productivity for local businesses, as we take an extended weekend off.
Last year's Royal Wedding helped to make April the best month for retail sales growth in 2011 and retailers will be hoping for a similar increase in retail spend this weekend. However, as with all prestigious international occasions such as this, there will be winners and losers and while it is clearly good news for the retail and hospitality sectors, there will be businesses out there that will lose out by having to absorb the cost of closing down and giving their staff an extra day off for the extended Bank Holiday.
– GEORGE COWCHER, CHIEF EXECUTIVE DERBYSHIRE CHAMBER OF COMMERCE*