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Retailers set to enjoy £1.76bn boost from King Charles’s Coronation

Retailers set to enjoy £1.76bn boost from King Charles’s Coronation
Coronation celebration street party vintage tea party with crown bread
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Andy Marino
By Andy MarinoMay 02, 2023
Andy Marino
Andy was born in London just in time to see England win the World Cup, and much later began his career in academia, gaining a PhD in American Literature and lecturing at several universities, including Maryland and Gothenburg in Sweden, and pursuing a sideline in sheep-farming before moving back to London and becoming a literary agent and TV documentary-maker (working for various broadcasters and making series such as the BBC’s Monsoon Railway, set in Bengal). He has written several biographies, including the Second World War story American Pimpernel, and became the official biographer of India’s Prime Minister (then Chief Minister of Gujarat) publishing Narendra Modi, a Political Biography (Harper Collins). Andy joined Asian Media Group in 2018, his first “proper” job, and has been there ever since, believing that, while trade journalism might not save the world, it might just save journalism.
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UK retailers will see a boost of £1.76bn over King Charles’ Coronation weekend (6 - 8 May), as consumers stock up on street party essentials, according to new research.

The King Charles III Coronation Report, from VoucherCodes.co.uk, reveals that UK consumers are expected to spend £1.17bn on food and drink over the weekend, with 18.6 million people set to make a purchase from supermarkets, convenience stores, and corner shops.

A further 6.1m people are expected to purchase decorations over the weekend (£0.28bn), and 4.2m consumers will buy memorabilia or souvenirs, such as commemorative mugs and plates (£0.13bn). Another £0.18bn will be spent on other Coronation essentials by 2.7m revellers.

The news comes as the British economy is forecast to see a boost of £8.01bn over the Coronation weekend, with consumers spending £3.22bn more than a typical May bank holiday (£4.80bn).

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