Baby Prince will boost the economy by £250m ‘Feel-good” factor .

The arrival of the royal baby will inject fresh momentum into the economy as a ‘feel-good factor’ sweeps Britain, an expert said last night.

Howard Archer, a City of London economist, said the impact on growth would be ‘overwhelmingly positive’.
‘The royal birth may provide the economy with a temporary, small positive boost at a time when it seems to be increasingly moving in the right direction,’ he said.

Economy is looking at expanding double the previous rate 0.6% in the second quarter , previous estimates 0.3% .

The birth of the likely future monarch is expected to give the economy a £240 million boost, according to the Centre for Retail Research. !

Researches also believe this would have a big effect across the Commonwealth . Looking at £5billion worldwide !


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