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business stories. i m sally bundock. we start here in the uk, and what else but the coronation of his majesty king charles? as we ve been hearing, it s been an historic weekend, from the pomp and pageantry and a bit of rain on saturday to a day of street parties and a night of fantastic music to round off the celebrations. all driving some serious weekend spending, predicted by retailers to be worth something in the region of almost £1.8 billion. but as many continue to struggle with the current high cost of living, how long can the spending optimism last? katrina bishop is from consumer research company niq. let s talk this through. katrina, a warm welcome to you. morning. katrina, a warm welcome to you. morninu. ., . , , . morning. for many sectors in the uk that morning. for many sectors in the uk that have morning. for many sectors in the uk that have been - the uk that have been struggling, like hospitality, this was a huge boost, wasn t it? it this was a huge ....
Seeing from our data is that they do allow for these celebrations, so they will spend a little bit less before, a little bit less afterwards but they will indulge in their treats and add the extra product during the weekly celebration. week of celebration. and if i can put that in context, lusty public to believe in terms of food and drink retail, we saw £2.7 billion go through the major retailers. that was a10% increase on the average up until that point but then we saw sales dip back and we expect to see that trend after this weekend if i can put that in context, last year s jubilee. that in context, last year s jubilee. ., ., ., jubilee. how long will that last? typically. jubilee. how long will that last? typically, like - jubilee. how long will that last? typically, like i- jubilee. how long will that j last? typically, like i said, consumers last? typically, like i said, consumers are last? typically, like i said, consumers are becoming l last? typically, like i said, ....