The Coronation: Good for Business or Royal Pain?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 5 May 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Experts project that the coronation of King Charles III will cost British taxpayers at least £100 million pounds. So the big question is: what’s the ROI? Will the coronation help or hurt the British economy? Nicole digs into both sides of the argument, and ultimately, gives some advice to the crown (you're welcome!). Find the Money Rehab episode with The Points Guy here: https://link.chtbl.com/fzsjTmwG Check out the articles referenced in today's ep: https://www.cbsnews.com/news/coronation-king-charles-travel-london-cost/ https://time.com/6275383/king-charles-iii-coronation-cost-taxpayers/

Transcript

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0:00.0	From Wondry, flipping the bird.
0:02.2	Elon vs Twitter is a new podcast that unravels the fascinating story of Elon Musk's unexpected
0:08.0	bid to buy Twitter, and all of the drama that has happened since then.
0:12.1	As a self-described business maverick, Elon epitomizes the Silicon Valley ethos of move
0:17.0	fast and break things.
0:18.7	Elon's influence is not only ushering in a new era of Twitter, but also shaping the
0:23.9	future of free speech on the internet as we know it.
0:27.2	Listen to flipping the bird on Amazon Music or wherever you get your favorite podcasts.
0:34.2	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.
0:38.8	It's time for some money rehab.
0:41.3	Tomorrow, the Coronation celebration of King Charles, the late Queen Elizabeth II's son,
0:52.6	kicks off.
0:53.6	Coronation is a three-day affair that is literally fit for a king.
0:58.2	With a 2000-person invite only ceremony and a lot of other festivities all throughout
1:03.2	the country, including cake competitions, dog shows, or some carriage rides, the sounds
1:08.8	awesome.
1:09.8	Musical performances, special tours of Royal landmarks, and more.
1:13.9	If you're thinking, damn, that sounds expensive!
1:17.5	You are totally right.
1:19.2	This project that this three-day party will cost British taxpayers at least 100 million
1:24.2	pounds, which translates to us in America, as about equivalent to $125 million.
1:31.2	This is a considerably bigger banger than the last coronation in Britain, the coronation
	...

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