I guess it is sort of strange to complain about a heavy emphasis on business and economics in a story published at BusinessInsider.com.
Nevertheless, I found myself wanting to know more after reading the recent feature that ran with this headline: "The death of Queen Elizabeth will be one of the most disruptive events in Britain in the past 70 years." Yes, I sense a religion ghost here.
I have read several reports about the planning that is going on behind the scenes, as British leaders brace themselves for this seismic shift in their culture. There are so many details to describe and, yes, lots of them are linked to economics and trade.
England's currency will need to change, along with all passports. God Save the Queen will, of course, return to God Save the King. Police uniforms will be tweaked. Old questions will resurface about the status of the monarchy and the British Commonwealth. The public events linked to her death will cost billions of pounds.
Check out this overture. It may even help to read it out loud, to get the reverent tone right:
Queen Elizabeth the Second, by the Grace of God Queen of this Realm and of Her other Realms and Territories, Head of the Commonwealth, Defender of the Faith, is not going to live forever.
Since ascending to the throne in 1952, the monarch has seen 13 prime ministers serve Britain and lived through another 13 US presidents. She's now 92. At some point -- not for many years yet, we hope -- Queen Elizabeth II's reign will come to an end.
But what happens then? For at least 12 days -- between her passing, the funeral and beyond -- Britain will grind to a halt. The chaos will cost the UK economy billions in lost earnings. The stock markets and banks are likely to close. And both the funeral and the subsequent coronation will become formal national holidays, each with an estimated economic hit to gross domestic product of £1.2 billion to £6 billion($1.6 billion to $7.9 billion), to say nothing of organisational costs.
Yes, that's a lot of money and that's part of the story.
However, there are even larger issues lurking in the background that, frankly, have to do with history and national identity.