London – A four-day feast to celebrate Queen Elizabeth’s Platinum Jubilee, the holidays that join the weekends on Thursday and Friday make commerce and industry a joy. A real relief amid the current cost of living crisis and after being in the dark for a while quarantine from covid.
A joint estimate by four organizations in the hospitality and entertainment sector found that four days to commemorate the 70th anniversary of the monarch’s accession to the throne would trigger a 22% jump in trade, injecting at least £2bn into the economy. billion).
It is estimated to be more than 90 million. pint Beer (glasses with a capacity of 568 ml) will be drunk throughout the period. Champagne toasts will consume 114 glasses per minute – almost two per second.
Queen’s Jubilee brings joy to hotels, restaurants and bars
But there are those who criticize investments with public money to finance events and holiday prices for the economy. This is not the case in the hospitality industry.
The four authors of the study – UK Hospitality, British Innkeepers Institute, British Beer and Pub Association (BBPA) and hospitality – let’s say the extra £2 billion would represent 25% more than what pubs, bars and restaurants would expect to earn in a regular Thursday-Sunday period some June.
The joint statement reads: “There are still many hurdles for companies to overcome on their way back to profitability – rising costs, staffing crisis, rising rents and a lot of red tape – but these four days will do wonders for revenue and morale.”
Metin adds: “It is also a great time for the millions of people who have been denied the opportunity to socialize with friends and family for too long, and we think that the population has a repressed desire to go out and have fun. ”
According to the BBPA, just drinking beer for four days would equate to a £150m boost to the industry and a £29m injection into the Treasury.
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A night of torches and lights to celebrate Queen Elizabeth’s Jubilee, see pictures
Late bars to celebrate the Queen’s Jubilee
Pubs are more than bars. They serve as a meeting point for communities, especially in smaller towns or more remote neighborhoods.
Therefore, the idea of celebrating special dates in a pub is connected not only with the consumption of beer, but with moments of communion with friends and neighbors.
And the government decided to help by allowing taverns to run until 01:00 at night during this period. From Monday, they close at 23:00 and return to their normal working hours.
When announcing the measure, National Interior Minister Priti Patel illustrated the post with a photo of the queen making a champagne glass.
We’ve extended the opening hours of pubs and bars to 1:00 during the Jubilee weekend, when we gathered to raise a toast to celebrate His Majesty’s incredible service to our country over the past 70 years. Let it reign for a long time! #PlatinumJubilee
???????????? pic.twitter.com/80hqpt8QtH— Priti Patel (@pritipatel) 30 May 2022
HE visiting england He estimates that 5.3 million people will take a night off at some point over the weekend, while others will take advantage of the bars’ extended opening hours to stimulate the hospitality industry.
In addition to bars, hotels and restaurants also have the opportunity to guarantee revenue from specialty meals, decorations and events.
just look forward to all #live #music this weekend will be perfect # chilled vibrations to let you enjoy your meals and conversations #family & #Friend ????
???? Hope you like all our products #Jubilee #Special ????????
#pub #PubFood #Dog FriendlyPub pic.twitter.com/v3DqJWTyy4— Start Bay Inn (@StartBayInn) June 3, 2022
Billions lost during the holidays
But not everyone thinks that the account is closed by comparing the gains and losses of both parties. Critics point out that it’s hurting the economy because it’s a two-day holiday in a row.
According to a 2012 study by the Center for Economics and Business Studies, each day of public holidays costs the British economy £2.3 billion in lost productivity.
To give you an idea of how much the Platinum Jubilee holidays will cost, the British economy is believed to have given up between £1.2bn and £3.6bn in revenue during the Diamond Jubilee holidays in 2012, when Elizabeth celebrated her 60th birthday. throne.
Due to record inflation in the country and the much larger scale of this year’s event, the Platinum Jubilee is estimated to be significantly more responsible for the loss of revenue.
Jubilee bill paid by the public
If the rebuke of the holidays is great, the criticism of using public money to finance events is even greater.
Money comes from various sources, Like £22m provided by the National Lottery. Mbut even more of it comes directly out of the pockets of UK taxpayers.
The government has allocated £28m from the budget to support what it promises to be ‘the show for a generation’.
But not all heavy forwarded to the parties. Part of this was for the production and distribution of souvenir books for primary schools. So kids can join the party by reading too. “Queen Elizabeth: A Platinum Jubilee Celebration”.
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source: Noticias
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