As the United Kingdom mourns Her Majesty Queen Elizabeth II, time spent off work and canceled events will take a toll on the economy. The impact is expected to be mitigated by an influx of tourists from abroad.
Most supermarkets and cinemas will be closed on Monday, the day of Queen Elizabeth II’s state funeral.
The Department of Culture, Media and Sport estimated that it would cost the UK economy over two billion dollars.
The hotels have not been nice. According to Ken McNab Managing Director of The Travel Company Edinburgh, hotel prices in London double in many establishments overnight.
According to Jonathan Morris, Queen Elizabeth II was a woman of “great faith”.
There are people sitting at a bar next to a portrait of Queen Elizabeth II. This file photo was taken byEmilio Morenatti.
A lot of sporting and cultural events have been canceled. Orientation weeks at many U.K. universities have been canceled. The loss in liquor sales at Student’s Unions will be hurt by the drinking age being raised in the U.K.
In order to avoid noise at certain locations on Monday, operations to and from the airport will be changed.
The UK city of London is served by the airport terminal.
As mourners flock to pay their respects to the life of Britain’s longest reigning monarch, some costs are being offset by increased travel.
According to the CEO of the travel agency UKinbound, an increasing number of international visitors are visiting the UK to pay their final respects to the Queen.
Queen Elizabeth II was a former American ambassador to the United Kingdom.
The Queen’s passing caused an immediate flurry of activity in the domestic markets with people heading to Edinburgh and London.
Queen Elizabeth II is accompanied by the Chief Executive of British Airways, Alex Cruz, as she greets company executives during her visit to the headquarters of British Airways at the airport.
Danni Hewson told FOX Business that despite stores closing out of respect, “London markets have been resilient thus far and whilst parliament will be suspended for a number of days, the new cost of living plan will be rolled out behind the scenes providing a safety net for cash- strapped people
You can get the Fox Business app.
The state funeral of Queen Elizabeth II will be held at Westminster Abbey and the memorial service will be at Windsor Castle.
Sadashige is a contributor to the article.