Royal Wedding of Prince William to Kate Middleton Estimated Boosting $1 Billion to UK Economy

The marriage of Prince William to Kate Middleton next year could provide a 620 million pound ($985 million) increase to the British economy, retail canvassers Verdict said.

The predict came as Asda, Britain's second-largest supermarket team, said it was already selling a 5 pound mug to celebrate the engagement of the inheritor to the British throne to his long-term girlfriend.

Verdict calculated approximately the engagement could be worth 12-18 million pounds in goods sales, whilst auctions of wedding-related items could top 26 million pounds.

The reasonable boost up to the economy, however, could appear from making a "feel-good aspect" among customers that showed subtle this year with the England team's miserable performance in the soccer World Cup.

Verdict discussing with director Neil Saunders said, "If, as anticipated, it is a big set-piece occasion, it could sound capture the nation's imagination and give a boost to the retail sector".

Verdict predict food, fashion and grocery wholesales could profit to the jingle of 360 million pounds as shoppers get treats like wine and champagne to toast the happy couple, whereas travel and tourism returns could be increased by an estimated 216 million.

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