Salaries in the UK (freepik photo, pexels)
The British economy after the death of the world’s oldest ruler: Anyone who deals with the worlds of the capital market understands that the great significance of the British monarchy is in what it transmits: it transmits tradition, decency, self-control and self-respect and above all, in a world that shakes from one political crisis to another the term – It Ain’ t Done – which means in free translation: “we don’t do such a thing”.
The British economy is considered in the economic world to be an “island of stability” for intelligent processes that strive above all to transmit stability and self-confidence. But this economy has gone through quite a few upheavals in the last 15 years and it doesn’t seem like there was a single person in the modern world who feared for the stability of the British economy and that is significant.
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The stability emanating from the economy of the United Kingdom made it possible in the last 15 years to go through the subprime crisis, the Brexit, the corona, the exit from the corona and today the return to an inflationary world, Russia’s invasion of Ukraine and an energy crisis that we are only seeing the beginning of (at least as of today) these days.
So what did the monarchy broadcast? What is its share in the great confidence that the world has in the economy of the United Kingdom? Anyone can only imagine for themselves and the British monarchy was the image of the Queen who seems to have been here since time immemorial.
No, no special effect (which can be translated into more complex or less complex excels) is expected for the passing of Queen Elizabeth, the tradition there is long enough and strong enough to pass the reins from the Queen to her successor. But still, the British economy is in a bad state at best (and forecasts are not rosy) and what the monarchy broadcasts is exactly what is needed to get through an economic crisis as well as possible.
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