The cost of the Royal Wedding ceremony and reception to be shared by the Middletons and the Royal Family
Kate and Prince William’s wedding will be paid for by Kate Middleton’s parents, the Royal family and British tax payers (who will cover security and transport costs)
Michael and Carole Middleton are said to be contributing a whopping £100,000 towards the Royal wedding budget. It’s lovely to that the Middletons are helping to pay for the wedding, despite it being very much a public event.
They might be millionaires, but £100,000 is an enormous amount of money to any family. It is said that the couple appreciated the “public mood of restraint and austerity” – in other words, that the nation was strapped for cash, and wanted to reflect this by paying their way. Kate Middleton’s parents are said to paying for the cost of Kate’s wedding dress and the honeymoon (rumoured to be in the Caribbean) as well as contributing towards the service and the reception. Given that Royal protocol will give Mr and Mrs Middleton, and even Prince William and Kate themselves, relatively little say in the most fundamental Royal Wedding day details such as the guest list, I think it’s lovely that they have offered to contribute.
Prince Charles and the Queen will cover the remaining Royal Wedding costs which are likely to amount to millions of pounds. Security and transport costs on April 29th will be covered by British Taxpayers, something that is likely to cost in excess of £5 million.
Wedding budgeting is a nightmare for any couple, even a Royal one
I really don’t envy the Prince William and Kate on this one. If they go all out and have a hugely extravagant wedding, they’ll be criticized for throwing away tax payers’ cash. But, on the other hand, if they cut things back (reduce the number of bridesmaids, go for a simpler wedding dress, cut down on the flowers), the highly anticipated day will be deemed anti-climatic and a let down by not just the media, but the British public.
I say, cut down on the things that the nation won’t be able to enjoy as a whole – those elements that can’t delight the eye through the TV cameras and photographs. By this I mean little touches like serving the Royal Wedding guests Tesco champagne rather than Bollinger (Queen Victoria’s favourite). I guarantee even Posh and Beck’s wouldn’t be able to tell the difference. Or Kate borrowing wedding shoes from a friend (is anyone really likely to see them under her dress?).
On the bright side for the Royal Wedding budget, Westminster Abbey, where the wedding ceremony will be held, is free; and the couple have been offered a free honeymoon complete with return flights on Ryanair (although it’s not been confirmed whether the Royal couple have decided to up the kind offer).
Royal Wedding costs to tax payers are likely to be covered by the corresponding benefit to tourism
The big day is likely to cause a surge for British tourism. LateRooms.com, the hotel booking site, reported a threefold increase in London hotel room bookings for the last week in April, and Hotels.com reported that hotel rooms in London for April 29th 2011 were 200% more expensive than for that day last year. And for every wedding supplier or savvy entrepreneur who makes money from the Royal Wedding, there will be more cash pumped back into the economy. So it’s good news for the country all round.
Hurrah – three cheers for Mr and Mrs Wales I say!