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Having lived in London for nine years, I can certainly appreciate the affection that most British have for the royal family, Queen Elizabeth
in particular. Furthermore, the royal family is a stimulus to the economy in the tourism dollars that they attract into Britain from countries worldwide. Economic studies and statistics have proven that again and again, even when at times their popularity has fallen off.
The royal wedding in 2010 alone gave an almost $1 billion boost
to the economy.
Kate Middleton has taken on the role that Princess Diana had, and she is helping to reinforce a favorable public image of the royal family. Rich and poor Brits as a whole support the monarchy.
And now the royal birth is estimated to add an additional $400 million boost
to the British economy.
Much of this of course is marketing a public image, not only in Britain, but also abroad...especially in America. Where do American tourists want to go? Buckingham Palace and Windsor Castle. You can go through a lot of money in a hurry visiting London and the surrounding area. It's a big business...very profitable.
Long live the Queen.