Hard times from the Brits may be close. Financially
Queen Elizabeth the Second, by the Grace of God Queen of this Realm and of Her other Realms and Territories, Head of the Commonwealth, Defender of the Faith, is not going to live forever.
Since ascending to the throne in 1952, the monarch has seen 13 Prime Ministers serve Britain, and lived through another 12 US presidents (with number 13 on the way). She’s now 90. At some point — not for many years yet, we hope — Queen Elizabeth II’s reign will come to an end.
But what happens then?
For at least 12 days — between her passing, the funeral and beyond — Britain will grind to a halt. It’ll cost the British economy billions in lost earnings due to the chaos. And both the funeral and the subsequent coronation will become formal national holidays, each with an estimated economic hit to GDP of between £1.2 and £6 billion as banks, businesses and the stock markets close, to say nothing of organisational costs.
That will be the moment that using UK banks will no longer be safe for a certain period of time. 2018 reports suggest that this may be an extremely volatile and dangerous time for the UK economy and banking system in particular.
Some Brits already take action, trying to diversify the banks they use to avoid a complete shut-off and make the usage of the UK banks less “unsafe”.
Some complain that no matter how important Queen Elizabeth II is for the country, by no means this should cause a GDP drop. And there are those who agree.
Brits take the matter into their hands before this happens. Online automated banking systems, careful financial planning. The issue is extremely important for both business people and other citizen who are connected to the daily use of banks as their means of survival/making money.
While this financial collapse is most likely unavoidable, little can be done in terms of preventing it. Brits are known for their traditions and we are proud of it. But, as projected in may 2018, the loss may be awful for us, Brits.
Do banks become unsafe? They always were, but they’re probably the best we’ve got.
But to focus on the financial disruption doesn’t begin to describe the sheer magnitude of it. It will be an event unlike anything Britain has seen since the end of the Second World War. There will be trivial disruptions — the BBC will cancel all comedy shows, for example — and jarring cultural changes. Prince Charles may change his name, for instance, and the words of the national anthem will be changed, too. The British Commonwealth might even unravel completely.
The deaths of Princess Diana and the Queen Mother both brought on waves of public mourning and hysteria. But the Queen, due to her longevity and fundamental place atop British society, will be on a whole new level above that.
The vast majority of British people have simply never known life without the Queen.
It will be a strange, uncertain time.