How to pay for the Royal wedding? Simple: public subscription

Now that we have a date in the diary, we can begin the traditional rites and customs on the path to the Royal Wedding. These traditions stretch back to Queen Victoria – street parties, pageants, commemorative china, bunting and flags, and an almighty row about how much it’s all costing.

The cost of the monarchy is a perpetual controversy, given new impetus by any major monarchical occasion. Already, David Cameron’s decree that the date will be a public holiday is causing disquiet among some business leaders, who will lose a day’s trade. As Guido Fawkes points out, the additional day-off, coupled with Good Friday and Easter Monday, will make for a miserable year-end for many businesses. The CBI estimates that each additional bank holiday costs the UK economy £6 billion, although that doesn’t account for the extra trade for off-licences, and the added sales for manufacturers of paper hats, fireworks and big-screen televisions.