What has the Queen ever done for me?
Before I answer that question, what do you think? I’ve
seen a lot of comments like this on social media and wanted to say a few words
about one of her biggest contributions to the UK.
Leaving aside her support for over 600 charities, and
numerous civic duties and constitutional duties which saw her work but over 70
years until almost the day she died, the Queen has made one huge contribution
to the UK economy:
Tourism
The Queen and the royal family have attracted billions of
pounds and millions of tourists over the years, and she’s still packing them in
now. London is booming with visitors and hotels are full.
When her coffin was being driven from Balmoral to Edinburgh,
use cameras in a helicopter followed the procession for the entire six-hour
journey. Viewers were treated to the glorious beauty of the Scottish Highlands,
villages and then Edinburgh. You cannot buy that sort of publicity.
Do you think Scotland will benefit from six hours of free
publicity? Hell yes!
Prince Charles is a brand William and Kate are a brand
and Harry and Megan have shown how are you can literally monetise the brand to
the tune of millions of dollars.
Imagine if the Queen has gone down that road? I’m only
saying this to illustrate the untold value of the royal band which goes back to
UK PLC at large.
Hotels, restaurants, bars, shops, airports, taxi drivers,
support staff and thousands of workers all benefit from tourism, which is one
of the biggest industries in the UK. There is no doubt that the rules have
contributed hugely to UK tourism and the wider economy.
How much is the Royal Family ‘brand’ worth?
In 2017, business insider.com estimated the royal family
‘s brand was worth £67 billion and said that the royal family
contributes £2.4 billion to the UK economy every year.
What is world’s most valuable brand?
It used to be Coca-Cola but is now dominated by recently
formed tech and Silicon Valley companies.
According to Kantar BrandZ the top 10 most valuable
global brands are:
1. Apple
2. Google
3. Amazon
4. Microsoft
5. Tencent
6. McDonalds
7. Visa
8. Facebook
9. Alibaba
10. Louis
Vuitton
Source: Kantar.com
The Apple brand is estimated to be worth nearly $1
trillion with Google and Amazon not far behind.
China has two companies in the top 10, Tencent and
Alibaba, and the only non-US company is Louis Vuitton a French company.
What can you do to develop your own brand?
What can you do transform your finances and become
financially free?
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