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Royal baby girl born: If the princess makes £1 billion for the economy, what could we spend the money on?
The Duchess of Cambridge’s daughter will bring in more than £1 billion to the UK economy in her lifetime, according to experts – enough to pay for two hospitals. Director of the UK's Centre for Retail Research, Joshua Bamfield, has estimated that she will lead to add £150 million per annum to the UK's economy – that's more than £1 billion by the time she is six. As the UK comes out of austerity, here's what £150 million could buy: It could fund 3,900 nurses or 1,800 hospital doctors for a year. According to the King’s Fund, it could also pay for 25,050 hip replacements. In terms of welfare, it would buy ... (full story)
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