Landmark royal events like tomorrow’s Coronation are, economically speaking, a cross between an England World Cup final and a train strike.
While they certainly set off a sugar rush of spending on bunting, buns and beer, they are also massively disruptive to output, just like a total shutdown of the rail system. In fact a lot worse, as the impact of a walkout on the trains or Tubes is considerably softened these days by the working-from-home revolution.
