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Secretary of State for Business, Energy and Industrial Strategy, Jacob Rees-Mogg has claimed that a bank holiday on the day of King Charles III’s coronation is “perfectly reasonable”. It comes as fears have been raised that an extra bank holiday could cost an extra £1.36 billion.
Tackling such concerns, Rees-Mogg has claimed however that the effect of a bank holiday on the economy “will not be enormous, the Telegraph reported.
The Secretary deemed the coronation an act with “constitutional resonance”. He said: “The coronation is an important symbolic act with constitutional resonance about the stability of our system.”
And added: “To have a day off for that is perfectly reasonable, and the effect on growth will not be enormous.”
Previously, it was reported that the King is planning a “less expensive” coronation ceremony than his mother’s and a “slimmed down” working monarchy as an acknowledgement of Britain’s cost-of-living crisis.
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The Daily Mirror quotes a royal source as saying the new monarch’s coronation would be “shorter, smaller and less expensive” than the Queen’s ceremony in 1953.
The source told the paper: “The King is very aware of the struggles felt by modern Britons so will see his wishes carried through that although his coronation ceremony should stay right and true to the long held traditions of the past, it should also be representative of a monarchy in a modern world.”
A date for the ceremony has not yet been announced, but May and June 2023 are possibilities. The paper was also told Charles had “long been an advocate of a streamlined or slimmed down monarchy” and may reduce the number of working royals.
“He has already spoken of his wish to continue his mother’s legacy and this includes continuing to recognise what the people are experiencing day by day,” the royal source added.
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The move has strong public support, according to an Express.co.uk poll. Some 65% of survey participants backed the idea, with only 7% opposed it.
The Queen’s death marks a huge moment of transition for members of the royal family as they take on new roles, titles and responsibilities.
The number of working royals could be cut to seven, which it said would likely be the King, Queen Consort, Duke and Duchess of Cornwall and Cambridge, the Princess Royal, and the Earl and Countess of Wessex.
The paper’s survey of 2,351 Britons also found that reducing the cost of the monarchy was the public’s second biggest royal priority, after giving support to environmental issues.
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