The royal wedding is over and the bunting is coming down around the nation as Britain is gripped with a national hangover from over indulgence celebrating the marriage of two people they have never met and never will.

The streets of London were full to bursting point with thick people the public joining in with the celebrations for the wedding of Prince William and Kate Middleton.

Many were so caught up in the moment that they camped out all night to catch a 10 second glimpse of the royal couple as they drove past them and described the moment of their (extremely) brief encounter with royalty as one which they would never forget…..others reacted more hysterically but very few were unimpressed.

Young and old waved their overpriced plastic Union Jack flags in a rare display of national Stockholm syndrome unity which Prime Minister David Cameron described as a "great moment for Britain."

And now the nation wakes up with a sore head and depleted bank balance as the estimated economic cost to the nation of the national holiday ranges anywhere from just under £1 billion to £29 billion.

The Confederation of British Industry (CBI) has pushed forward the possible cost of £6 billion to the economy whilst other economists are looking at a  quarter percent knocked off growth.

The focus over the past few months has been on the cost to the tax payer for the security arrangements which many felt were distasteful as they ran into millions however there has been a smoke-shield surrounding the true cost of the UK having a national holiday.

This does beg the question of why we need bank holidays if they cost so much to the national economy……could we wipe out our national debt by cancelling bank holidays for the next 5 years?

But according to The British Retail Consortium (BRC) the holiday will have a positive effect on the amount we spend because we as a nation will have extra time in which to spend our money. have said that us Brits will have spent £480 billion in total celebrating the Royal Wedding.

However Brits may have spent £480 billion in celebrations but that is irrelevant when you consider the fact that after the party people will be cutting back on spending unless they saved for the event, which means that the £480 billion could quite easily cancel itself out over a 12 month period but time will tell on that one.

What is missing here is the question of where was the real wealth generation in exports during this period?

Ground to a halt and when you consider most of the royal wedding memorabilia (Which has even seen images of Prince Harry marrying Kate Middleton on mugs) has been made abroad and imported it really exposes the flow of money here in terms of imports and exports.

But putting aside all cynicism over the wedding and its cost there is a huge case for the fact  that Britain needed a blow out and should have them more often, at least once a year.

But do we need to celebrate something more meaningful than the marriage of two people who will one day make us their subjects? Or is it right that we still look towards a family which tries to embody the highest ideals for individual conduct?

Maybe there is merit in the latter however does that require a monarchy?

Ah well happy hangover Britain!

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