Are you sure you want to delete this post?
The British will never get rid of their monarchy and for good reason. It's a big profit making business for the United Kingdom. And the UK is exclusive in that regard. Other countries with figurehead monarchies get no where near the tourist attention and dollars that the Queen of England and the royal family brings into the UK.
Estimates of the value of the royal birth alone range up to as high as $400 million. According to the Centre for Retail Research, the royal baby is less than a day old and has already generated $370 million
in benefits for the British economy...and that's just for the months of June and July.
Where else can the birth of a baby generate that kind of impact on the economy?
This is a "no brainer." The label of monarchy, although largely a figurehead in the matters of state policy, is economically important for the United Kingdom brand.