World Cup could produce a £2.6 billion economy boost

Jul 4, 2018


By Kate Brown

World Cup could produce a £2.6 billion economic boost - Knowles Warwick

Research by the Centre of Retail Research (CRR) suggests that the UK economy could receive a £2.6 billion economic boost if England makes it to the World Cup final. The study also found an extra £200 million may be spent in the country’s shops and pubs every time an England footballer scores a goal. A £1 billion rise in spending has been predicted after last night’s game which saw England move into the quarter finals on Saturday 7th July.

A representative from the Bank of England’s Monetary Policy Committee (MPC), Andy Haldane, reported that the World Cup success was adding to the general recovery of the economy. Director at the CRR, Professor Joshua Bamfield, supported the spending pattern and said: “People want to spend their money going to the pub or having a barbecue with their friend and watching the match”.


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