Sunday, January 16, 2011

Royal wedding: marriage will cost economy £5bn


Celebrity wedding – David Cameron, said that the nation will be given an additional public holiday to celebrate Prince William’s wedding, which will be held at Westminster Abbey on Friday, April 29.

This means that the Britain will be open for business for just three days between April 22 and May 2, because Easter is the weekend before the wedding and the bank’s holiday is the following Monday.

Employers said yesterday that small businesses, in particular, suffer from lost sales, while others cautioned that some companies actually closed for 11-day period because many employees will take three-day week as annual leave. There is also concern that some employees may call in sick for three days to get a week off.

Stephen Alambritis, the Federation of Small Businesses, said that an additional public holiday could not have come at a worse time. “This is an important area of concern,” he said. “After the VAT hike in January, so you can actually reduce customer demand, many will be looking at Easter is really hard to get their businesses running.

“But there will be a real temptation for employees to not bother going to work [during the week of the wedding the government]. It will be three days a week and can see that many companies shut down.”

While ICC spokesman welcomed the declaration of public holidays, the organization had previously thought that the split as £ 6000000000 economic costs in lost productivity and overtime. For some companies, however, the party is expected to bring additional money through untiik, the wedding is expected that the principle behind a £ 1 billion in additional revenue from tourism and the sale of memorabilia.

Predicts that retailers and the tax holiday would result in additional income buyers and drinkers.

Employees enjoy three weeks in a row a few hours after Easter May 18, which will have four days.

A week later, on April 25 will be a three-day week, with Easter Monday and the day of the wedding, a holiday, a week from four days to follow as May Day.

Mark Dampier, a financial commentator of Hargreaves Lansdown, an independent financial adviser, said: “Bank holiday is not good for business employees do not typically have only one day off, but a week.

“While this may be of less concern than if it took place in June or July. At this time many workers will die as the Passover.”

Church of England bishops Organization predicts that the marriage of Prince William and Miss Middleton not cope with losing his job.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...