£150M

Finweek English Edition - - IN BRIEF -

The birth of a new royal baby in the UK is ex­pected to boost that na­tion’s econ­omy by £150m (R2.7bn) as re­tail­ers cash in on the hype. The Cen­tre for Re­tail Re­search pre­dicts a boost of around £80m (R1.4bn) in the weeks fol­low­ing the birth of Princess Char­lotte on 2 May, with an es­ti­mated £20m (R366m) to £25m (R458m) to be spent on sou­venirs, and the rest on food and drink such as cake and sparkling wine. Her older brother Prince Ge­orge’s birth in 2013 boosted the econ­omy by an es­ti­mated £247m (R4.5bn).

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.