Critics of the royal family will definitely not be happy when they learn the cost of King Charles’ coronation, although it could have been even more expensive.
Around 2,000 VIP guests are expected to attend the ceremony at Westminster Abbey on Saturday morning (May 6) in London, England.
While 2,000 may seem like a lot of guests, that’s only a quarter of the number of VIP guests who attended Queen Elizabeth’s coronation in 1953.
Despite fewer guests and a shorter ceremony, the event is expected to cost significantly more money than the late Queen’s coronation if adjusted for inflation.
So how much will the coronation cost? And who will pay?
Keep reading to know more…
The BBC estimates the event will cost “between £50 million and £100 million ($63-125 million)”.
The late queen’s coronation cost £50 million in today’s money, which is the low end of the range for Charles’ coronation.
Buckingham Palace is expected to contribute a sum of money towards the coronation, but the rest will be borne by the UK government and British taxpayers. The biggest cost to taxpayers will be the lost productivity of the May 8 bank holiday, estimated at £1.36bn.
There is a very famous person who will NOT attend the coronation.
Categories: Biography
Source: vcmp.edu.vn