King Charles III’s coronation is scheduled for today (May 6, 2023), and with that date being the special occasion, all eyes will be on the Royal family. Even though the royal occasion is anticipated to be very grand, many people are curious to know: how much King Charles’ coronation will cost and who will be paying for it.  

The royal family is receiving more interest than ever before as a result of Meghan Markle and Prince Harry being so open in their Netflix documentaries, Harry & Meghan and Spare

And as King Charles prepares to be crowned on May 6, 2023, at Westminster Abbey, many people are wondering what the major ceremony will entail. Moreover, it should be noted that the coronation ceremony was followed by Queen Elizabeth II’s death on September 8, 2022.

King Charles and his family
King Charles and his family

The Queen discussed her experience, according to The Smithsonian Magazine, in the 2018 documentary film, The Coronation.

Also Read: King Charles Reportedly Kicked Out Late Queen Elizabeth’s Staunchest Ally from Royal Family Property as a Cost-Cutting Measure

When Queen Elizabeth II ‌Recalled Her Coronation

Queen Elizabeth II wore the throne on June 2, 1953, the day of her own coronation. This is precisely 16 months after she took the throne in the wake of her father, King George VI’s passing.  

In the film, The Coronation, the Queen reportedly discussed her experience, according to The Smithsonian Magazine. It was unexpected and intriguing because, according to the New York Times, Queen Elizabeth II had never been interviewed before. She shared:

“It is sort of a pageant of chivalry and old-fashioned way of doing things really. I’ve seen one coronation, and been the recipient in the other, which is pretty remarkable.”

When Queen Elizabeth II ‌Recalled Her Coronation
When Queen Elizabeth II ‌Recalled Her Coronation

One of the most important questions regarding King Charles III’s coronation is who will be paying the expenses. Does it really mean that residents of the UK will foot the bill? What does the coronation entail, then? There is a lot to learn about this occasion.

The Daily Mail claims that the UK government is responsible for paying the coronation expenses. Also, taxpayers will provide the funding. Moreover, the Deputy Prime Minister of the United Kingdom, Oliver Dowden, outlined the unique nature of the coronation ceremony, saying: 

“These are moments in the life of our nation. They bring joy to millions of people. They also mark us out as a nation around the world. It has always been the case that the government has paid for Coronations. The reason for doing so is that the sovereign is our Head of State and it is important that we mark that properly.”

Also Read: Despite Backstabbbing Royal Family, Prince Harry Is Attending King Charles Coronation Ceremony

Why Is the Coronation of King Charles III So Expensive?

According to The Sun, King Charles III’s coronation will cost $100 million because the government must foot the bill to guarantee the security of the royals, in attendance. It is undeniably true that the royal family has gained more notoriety, popularity, and public interest over the past few decades.

According to a source who spoke to The Sun, Queen Elizabeth II’s coronation would have cost more than King Charles’, but not by as much.

In today’s money the 1953 coronation cost around £50 ($63.20) million but estimates for King Charles’s are twice that because of things like security, which weren’t such a big issue back then.”

The source also discussed how big of a deal the coronation will be, saying that,

“But worldwide TV rights will more than cover the cost and it will be a massive boost to tourism. Hotels are already being booked out for the coronation weekend.”

Why Is the Coronation of King Charles III So Expensive?
Why Is the Coronation of King Charles III So Expensive?

Well, the coronation is reportedly anticipated to help the UK’s economy by bringing in more tourists during the event, despite the rising cost of living.

The government would incur a £2.39 ($3.20) billion cost as a result of the extra Bank Holiday weekend, according to the Department for Digital, Culture, Media, and Sport (DCMS). The coronation, however, could help ‌Britain’s economy by up to £1 ($1.26) billion if pubs are permitted to stay open later on Sunday, May 7, 2023. 

Also Read: “I felt myself blushing”: Prince Harry Was Mocked For Flirting With Female Pilot During War in Afghanistan

Source – The Smithsonian Magazine; Daily Mail

Explore from around the WEB