Sunday 25 September 2016

The Billion Dollar Baby: New Princess to boost the UK’s economy by €1bn

Published 04/05/2015 | 09:58

Britain's Prince William and his wife Catherine, Duchess of Cambridge, appear with their baby daughter outside the Lindo Wing of St Mary's Hospital, in London, Britain May 2, 2015. The Duchess of Cambridge, gave birth to a girl on Saturday, the couple's second child and a sister to one-year-old Prince George. REUTERS/Neil Hall
Britain's Prince William and his wife Catherine, Duchess of Cambridge, appear with their baby daughter outside the Lindo Wing of St Mary's Hospital, in London, Britain May 2, 2015. The Duchess of Cambridge, gave birth to a girl on Saturday, the couple's second child and a sister to one-year-old Prince George. REUTERS/Neil Hall
2015:05:02 18:08:26: SN IT2A8687
Britain's Prince William and his wife Catherine, Duchess of Cambridge, appear with their baby daughter outside the Lindo Wing of St Mary's Hospital, in London, Britain May 2, 2015. The Duchess of Cambridge, gave birth to a girl on Saturday, the couple's second child and a sister to one-year-old Prince George. REUTERS/Cathal McNaughton
Kate and Will and baby
Britain's Prince William and his wife Catherine, Duchess of Cambridge, leave with their baby daughter from the Lindo Wing of St Mary's Hospital, in London, Britain May 2, 2015. The Duchess of Cambridge, gave birth to a girl on Saturday, the couple's second child and a sister to one-year-old Prince George. REUTERS/Suzanne Plunkett

The Princess of Cambridge might only have arrived two days ago, but she’s already pipped to be a huge money maker when it comes to the British economy.

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The newborn will rake in an estimated €2.2m each year, giving the UK economy a €1bn boost by her fifth birthday.

The little Princess, yet to be named, is expected to draw 32 million tourists to London throughout the next five years and her birth has been hailed as “significant” by the Centre for Retail Research in the UK.

Meanwhile, the wait continues for Kate and William to tell the world what name they bestowed upon on the smallest royal, but it is expected Diana will feature in some way as a tribute to the late Princess.

Charlotte, Alice, Victoria and Elizabeth remain the bookies’ favourites and an announcement is expected to be made within the next 24 hours.

William and Kate have named their new arrival, and will reveal it on Monday after they have spoken with the Queen.

“The Queen and her grandson have grown exceptionally close in recent years and he trusts her judgement implicitly,” the insider said.

“Indeed, William is far more likely to turn to her than even his father, as he did when he was unhappy about the guest list that had been forced upon him for his wedding. She told him to rip it up and start again with the people he actually wanted there.

“She is rather indulgent of her grandson like that and wants him to enjoy family life as much as he can before he becomes immersed in the formalities of royal life. It is understandable that William would want to see her in person.”

The Princess' other granny Carole Middleton and her auntie Pippa arrived at Kensington Palace yesterday to visit the new arrival. Other visitors included Prince Charles and Camilla, and Kate's dad Michael Middleton.

The newborn's uncle Prince Harry yesterday announced his excitement at the royal birth and said: "She is absolutely beautiful. I can't wait to meet her."

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