The Cost and Controversy Surrounding King Charles' Coronation

The coronation of King Charles III is estimated to cost between $63 million and $125 million, with increased security being a reason for the higher sum. The event is expected to be more expensive than Queen Elizabeth II’s coronation in 1953. The ceremony is considered a state event, paid for by the UK government and Buckingham Palace. The public holiday on May 8 for the occasion is estimated to cost the UK economy more than a billion dollars in lost productivity, but could bring in about $440 million in tourism revenue. The ceremony is expected to begin at 11 a.m. GMT and 6 a.m. EST, with around 2,000 guests slated to attend.