Monarchy has key role to play during times of economic difficulty
As The Queen, and the nation, celebrates the Jubilee this week, an economist from the University of Salford says the Royals could play in key role in helping us through the current economic difficulties.
Zeeshan Syed, economic, finance and consumer expert at the University of Salford Business School said: “When the national debt is almost at the WW2 level and inflation at post-war inflation levels, the UK needs a trustworthy face that could unite people and convince them to shoulder the economic burden of Brexit, COVID and the Ukraine War. One institution that can do so with ease is the British Monarchy.
“With 100s of charities, a leading role in integrating and breaking the ice between communities, and selfless devotion British Monarchy outpaces another high office in the land. The British state is lucky to have royals who attract people of their own free will. People’s love for the royals can help us heal divisions between groups created by the political establishment, such as Strivers and Scroungers, Leavers and Remainers, and Right and Left. The trust and loyalty of people in the Royal Family can bring unity just as it did during WW2.
“This role is ever so important as the period of great economic pain is about to come, and all the debt we accumulated and political spending that is made needs to be adjusted. After a decade of austerity, we may be looking at a prolonged period of stagflation.
“There is an urgent need for someone to hold the hands of the masses and tell them there is light at the end of the tunnel or to say, in other words: Keep Calm and Carry On.”
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