Cost of King's coronation to taxpayer revealed in new report

Official accounts person revealed for the archetypal clip however overmuch the King's 2023 coronation outgo UK taxpayers.

According to the accounts, the authorities spent £72m connected the coronation - the archetypal successful Britain since Queen Elizabeth II's successful 1953.

The fig includes £50.3m of costs attributed to the Department for Culture, Media and Sport (DCMS), which coordinated the coronation, and £21.7m successful costs for the Home Office for the policing of the event.

By comparison, Queen Elizabeth II's ceremonial and events during the play of nationalist mourning outgo the authorities an estimated £162m - £74m for the Home Office and £57m for the DCMS arsenic good arsenic costs to the devolved governments.

The figures travel from the civilization department's precocious released yearly study and accounts.

The section said it had "successfully delivered connected the cardinal play of His Majesty King Charles III's Coronation, enjoyed by galore millions some successful the UK and crossed the globe".

It described the lawsuit arsenic a "once-in-a-generation moment" which provided an juncture for the "entire state to travel unneurotic successful celebration".

Both the King and Queen were crowned astatine Westminster Abbey successful May past year, successful a ceremonial attended by dignitaries from astir the world.

A star-studded performance astatine Windsor Castle, featuring Take That and stars specified arsenic Olly Murs, Katy Perry and Lionel Richie, took spot the pursuing night.

It had been described up of the lawsuit arsenic being a "slimmed-down affair" - with the state inactive successful the grips of the cost-of-living situation - and accounts amusement an "underspend" related to the coronation of astir £2.8m.

Did coronation boost the economy?

Despite speech of a coronation boost, the UK's system really contracted successful the period of May 2023.

However, experts said that was mostly owed to the outgo of the further nationalist vacation for the event, which weighed connected output.

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Each slope vacation costs the UK system astir £2.3bn, with the other slope vacation for the precocious Queen's ceremonial estimated to person outgo astir £2.4bn, according to authorities figures.

With the other coronation slope holiday, information from the Office for National Statistics (ONS) showed antagonistic maturation of 0.1% during May 2023.

However, that was somewhat amended than economists had predicted up of the event.

Prior to the event, economical forecasters, the Centre for Economics and Business Research (CEBR), had predicted a boost of £337m for the UK's system owed to the coronation - including £104m successful other pub spending and an estimated £223m walk from tourism to the UK during the period.

Hotel gross was besides said to beryllium up by 54% compared to the aforesaid constituent successful the erstwhile year, portion bookings for UK-bound flights for the coronation play jumped by 149% wrong 24 hours of the time being announced, according to TravelPort.