New report says Monarchy is worth £44 billion

Sarah Coles
Jubilee trinkets
Jubilee trinkets

Kirsty Wigglesworth/AP/Press Association Images

A new report has calculated that the Monarchy is 'worth' £44.5 billion, and that the Queen's Diamond Jubilee will add about £2.4 billion to the UK economy - more than making up for the £1.2 billion estimated to be lost through the extra bank holiday.

But can it really be worth so much, and does the commemorative teapot industry really make such a difference?