
Federal Reserve’s Recent Interest Rate Decision: Economic Impact
February 06, 2025: The Federal Reserve held interest rates steady, signaling caution as inflation remained elevated.
May 19, 2023: On Thursday, the Treasury said the U.K’s state funeral of Queen Elizabeth II was worth around £162 million ($201.4 million).
The U.K.’s significant-serving monarch died on Sept. 8, 2022, aged 96, at Balmoral Castle in Scotland.
A 10-day period of national mourning, in which most businesses and workplaces stayed open, but many events were cancelled, was held ahead of her funeral in Westminster Abbey on Sept. 18.
An estimated 250,000 public members saw the British queen lying in state in London during the mourning period, with many queuing in the streets of London for more than 24 hours.
She was buried at St. George’s Chapel in Windsor Castle, Berkshire.
According to the newly-released figures, the costs to U.K. government departments included £73.68 million to the Home Office, £57.42 million for the Department for Culture, Media & Sport, £2.565 million to the Department for Transport, £2.096 million for the Foreign Office, and £2.89 million for the Ministry of Defence.
The cost to the administration in Scotland, where a slow hearse procession and a one-day lying in state was held, was £18.756 million. The central U.K. Treasury stated that this had been refunded.
The queen’s successor and son, King Charles III, was anointed and crowned on May 6 during a three-day weekend of coronation celebrations predicted to have cost between £50 million and £100 million.
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