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>> Royal holiday revelry to boost economy by £8bn >> Booze to flow as 3,000 street parties get go-ahead

- NATASHA WYNARCZYK

THE Coronation will boost the economy by more than £8billion as Brits flock to parties and pubs to celebrate the historic occasion.

Shops are expected to flog extra food and drink to those preparing for the royal extravaganza.

Decorations, souvenirs and memorabilia are also selling in volume with more than 3,000 street parties planned across the UK.

It is forecast royal fans will mark the occasion by splashing out £3.22billion more than the £4.80billion they do on a typical May bank holiday, bringing the spend to £8.02billion. An extra £1.76billion of that, equivalent to £87 per person, will be in shops, VoucherCodes.co.uk revealed.