, Columnist
British Glasses Are Half Full for King Charles
The coronation will lift the national consumer mood — especially if the rain stays away.
Pomp and ceremony.
Source: Bloomberg
The forthcoming coronation will be steeped in pomp and ceremony. But Britain must dispense with another tradition — bad weather on public holidays — for the event to jingle the tills of UK retailers and restaurants.
When King Charles III is crowned on May 6 in Westminster Abbey, there is a good chance it will lift the national mood as well as spending. The economic backdrop to the coronation is better than the one that accompanied the late Queen Elizabeth’s Platinum Jubilee celebrations a year ago.