Coronation gives tourism boost, but UK economy still reeling

The coronation of King Charles III is luring royal fans fascinated by the pageantry, spectacle and drama of the monarchy and far-flung visitors eager to experience a piece of British history. Tour companies, shops and restaurants are rolling out the red carpet, whether it’s a decked-out bus tour of London’s top sights with high tea or merchandise running from regal to kitschy. The weekend of events starting May 6 will bring a welcome cash infusion to central London businesses, especially hotels, pubs and restaurants. But it won’t do much for U.K. residents struggling with an economy on the precipice of recession and a cost-of-living crisis that has stirred months of disruptive strikes.