UK: Marriage Equality Could Mean 18 Million Pound Boost to Economy

Written by scott on January 29th, 2013

Big BenA new government estimate, reported by Pink News, shows a big windfall for the UK economy when marriage equality legislation is passed:

The government estimated that more gay couples would want marriages than civil partnerships, meaning that an estimated 3,000 marriages will take place on top of the 6,000 who already get civil partnerships every year. The spending on these could amount to an extra #14.4 million per year going into the economy, based on an average #4,750 per wedding. On top of this, couples who previously had civil partnerships will be able to convert to marriage. The related ceremonies have been “conservatively” estimated at #3 million spending.

As we’ve said again and again, marriage equality isn’t just the right thing to do – it makes economic sense, too.

 

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