The Royal Wedding budget – Even Royals have to have them!
The cost of Kate Middleton and Prince William’s wedding ceremony and reception will be shared by Kate’s parents and the Royal family. British tax payers will be covering the cost of security and transport.
Traditionally, the Bride’s parents pay for the whole wedding, the 20th century equivalent of a dowry. Michael and Carole Middleton have given an enormous £100,000 towards the costs for the Royal wedding. OK, they might be millionaires, parents, but £100,000 is an awful lot of money to any family.
Despite the fact that their daughter is marrying into one of the wealthiest families in the world, the Middletons wanted to pay their own way, and had been saving up Kate’s wedding fund for some time. The Royal Family will cover any remaining costs for the wedding ceremony and reception.
Whilst the Royal Family is generally steeped in tradition, it’s actually terribly modern for the wedding costs to be split between both the Bride and the Groom’s parents. With Brides and Grooms largely getting married in their late 20s and 30s now, it’s increasingly common for couples to cover the costs for their wedding themselves – or split it with their respective parents
Kate Middleton’s parents are said to paying for the cost of Kate’s wedding dress and the honeymoon (which is likely to be in the Caribbean), as well as contributing towards the service and the reception.
Prince Charles and the Queen will cover the remaining Royal Wedding costs which are likely to amount to millions of pounds. The 5 million pound security and transport bill on April 29th will be covered by British Taxpayers.
Planning the wedding budget is an unenviable task for any couple, even a Royal one. If Prince William and Kate have an extravagant wedding (by royal standards), they’ll be criticized for wasting tax payers’ money.
But, on the other hand, if they cut things back (reduce the number of bridesmaids, go for a simpler wedding dress, cut down on the flowers) and have a low cost wedding, the British public and Royalists alike will be let down.
The Chief Bridesmaid’s advice is to save money on those elements of their wedding that the nation won’t be able to enjoy as a whole. Serve the Royal Wedding guests cava or Tesco champagne (which has I believe has the Royal Warrant) rather than Bollinger (Queen Victoria’s favourite). Even Victoria and David Beckham (who are rumoured to be on the invite list) would be unlikely to taste the difference.
Even experts in saving money on weddings could learn a few lessons from the Royal wedding. I've been so impressed by Kate and William's cost saving decisions so far:
- Kate Middleton’s engagement ring was free (Passed down from William’s mother – 250,000 pounds saved!)
- Kate’s wedding day accessories will also be free (rumored to be wearing the tiara Diana, Princess of Wales wore for her wedding)
- Royal Wedding ceremony venue of Westminster Abbey is costing, you guessed it, absolutely nothing (approx. 300 pounds saved!)
Furthermore, the British economy is likely to make money because of the Royal’s big day! British tourism is likely to surge with LateRooms.com reporting a threefold increase in London hotel room bookings for the last week in April.
And for every wedding supplier who earns money from the Royal Wedding day, there will be more money pumped back into the British economy. So it’s good news for the country all round.
Article posted: 2010-11-30 04:39:29