The royal baby has finally been born, and the citizens of Great Britain (and the rest of the world) are expected to spend inexplicable amounts of money on food and drinks to celebrate. According to CNBC, about 4.8 million people are estimated to spend around $95 million on alcohol and $38 million on food to celebrate the royal birth. Joshua Bamfield, director of the Centre for Research in England, also adds that the royal baby will fuel the British economy with more than $368 million overall expected to be spend on figurines, party décor, and other celebration necessities.
Many restaurants and pubs in England are banking in on the royal birth as well — many are catering to guests who want to welcome the baby in style. As an example, the Cinnamon Club, an Indian restaurant in London, created a "Royal Labour of Love" menu, offered until July 27, which represents different stages of pregnancy. Many restaurants in England are also offering special crown cakes in blue and pink, as the gender of the baby was unknown until his birth.
Some companies in the U.S., such as Magnolia Bakery, are joining in on the hype as well, creating special blue and pink baby-themed cupcakes, available now until Wednesday, July 24th. Go grab one before they’re all out! Not many births spark an economy, and we don’t doubt that the heir will live up to the hype.