Forget the hype, Britain’s royal baby will only have a small economic impact
Share Now on:
Having a baby is always an irrational decision. The cost-benefit analysis never makes sense. But when it comes to Britain’s royal baby, the economic scorecard has been front and center and companies are trying to cash in.
It’s been estimated the new baby boy will bring a $400 million boost to the British economy through increased tourism, sales of souvenirs, celebratory spending, and a lift to public confidence. Those are the benefits, but what about the costs?
The BBC’s Andrew Walker joins Marketplace Morning Report host David Brancaccio to discuss.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?