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Image: Prince William, Kate Middleton
Sang Tan  /  AP
Britain's Prince William and his fiancee Kate Middleton arrive at St. James's Palace in London on Tuesday after they announced their engagement.
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updated 11/18/2010 12:21:11 PM ET 2010-11-18T17:21:11

It's a wedding planner's nightmare.

The nuptials of Prince William and Kate Middleton have to satisfy the bride's family and the groom's royal relatives — but also a supportive but recession-weary British public.

It must be grand, but not ostentatious; regal, but with a common touch; expensive but not a drain on taxpayers worried about their jobs and the nation's fragile economy.

"I don't even have enough money for my own wedding, let alone theirs," said Scott Northgrave, 39, a London construction worker. "They have a fortune, why not use it?"

Who will foot the bill for the wedding, likely to be millions of dollars, is still being worked out, but the royal family knows they must not seem out of touch with the public's cash-strapped mood. William's office says "the couple are mindful of the current economic situation."

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Because William is second in line to the throne after his father, Prince Charles, the ceremony will not be a formal state occasion like the wedding of his grandmother the queen, then Princess Elizabeth, in 1947, or of Charles to Lady Diana Spencer in 1981. Both Elizabeth and Charles were heirs to the British throne.

It will not lack in grandeur, however. Westminster Abbey is the leading contender for a venue after Middleton was photographed leaving the central London landmark on Wednesday evening.

Video: The princess bride: Will Kate reign over style? (on this page)

"Miss Middleton paid a short, private visit to Westminster Abbey in order to be able to consider it as an option," William's office said Thursday. "The couple wish for a little more time to be able to consult family members and make a decision for themselves."

Image: Westminster Abbey
Alastair Grant  /  AP
A visitor takes a photo of Westminster Abbey in London on Wednesday.

A spokesman for the abbey refused to comment, but it is, in many ways, the perfect venue.

The 1,000-year-old church where British kings and queens are crowned is grand but surprisingly homey, crowded with the tombs of poets, politicians and 17 monarchs.

It has both happy and sad memories for the royal family. The queen and her late mother both married there, and Princes Diana's funeral was held there in 1997.

Story: Inner circle stayed mum on engagement news

It can hold 2,200 people — plenty of room for guests — and does not cost anything to book. It is also likely to be available, since the list of people allowed to marry there is limited to members of the royal family, abbey staff and members of the ceremonial Order of the Bath and their families. About a dozen weddings a year are held there.

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Money for the festivities could come from the annual 7.9 million pounds, or about $11.6 million, in government funding given to the royal household to pay for salaries and official functions, or from the queen's personal wealth. Charles is also expected to pay some of the bill, and Middleton's parents — self-made millionaires who run a party-planning business — will probably also help out.

"I'd imagine that the Middletons would like to make some contribution," said Charles Kidd, editor of Debrett's Peerage and Baronetage, a guide to etiquette and the aristocracy.

"I'm sure they would like to have a significant role in making the wedding run smoothly. They would pay for something as part of the reception, or the honeymoon, perhaps," he said.

At the very least, taxpayers will have foot the bill for security, including the large number of police on duty that day. Further public funding would have to be approved by Parliament and could spark a backlash — although some Britons said they'd be willing to contribute.

Video: William and Kate already living together (on this page)

"If everyone paid out maybe five or 10 pounds ($8 to $16), just think how that would add up," said retiree Susan Dowling, 74. "I'm excited for this wedding and I'll surely help out."

Julie Marks, a 25-year-old London chef, was also willing to chip in.

"I'd pay 50 pounds ($80) tops," she said. "But if everyone did, it would certainly help."

Analysts say the wedding will be an economic boon for Britain. Neil Saunders, consulting director at Verdict retail analysts, said the economic kick from the wedding could reach 620 million pounds, or about $985 million.

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"If, as expected, it is a big set-piece event, it could well capture the nation's imagination and provide a [boost] to the retail sector," he said.

Saunders said sales of food and champagne for private celebrations could be worth 360 million pounds, or around $575 million, and tourism could benefit by more than 200 million pounds, or around $320 million.

David Buik, market analyst at BGC Partners in London, said he was "much looking forward to the William and Kate feel-good factor taking effect on our economy and our morale."

In addition to an expected hotel, restaurant and retail boom from tourists traveling to London for the occasion, retailers are rushing to cash in with Kate-and-Wills merchandise.

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Asda, Wal-Mart's British supermarket chain, tweeted glad tidings that a commemorative mug would be available soon for 5 pounds, or about $8.

Story: William, Kate to be very involved in wedding plans

The royal wedding could also help raise the spirits of a country still recovering from the worst economic downturn in half a century, and facing the unknown impact of deep government spending cuts.

The queen's wedding in 1947 lifted Britain's postwar gloom and came just days after the government announced a reduction in rations.

Her ceremony at Westminster Abbey was described as simple: the same as for "any cottager getting married in her village church," one of the priests said.

Well, except for the gilded carriage and a 500-pound wedding cake.

The spectacle of the hugely popular Prince William marrying his attractive — and seemingly down-to-earth — bride also should bolster a royal brand that has been tarnished by divorce, sex scandals and financial indiscretions.

Prince William's fiancee has impressive Yankee lineage

The royal family has become more conscious of its public image after the shocks and dramatics of Charles' generation. The disintegration of his marriage to Diana was the worst of it, but his sister Anne and brother Andrew also went through divorces.

Andrew's former wife Sarah embarrassed the royal family by being photographed cavorting half-naked with a lover, and this year by a newspaper sting in which she offered to sell access to her former husband to help pay her substantial debts.

Prince Edward's wife Sophie retired from business life after a newspaper caught her boasting of her royal connections to impress a client.

William, so far, has done nothing worse than using a Royal Air Force helicopter to drop by Middleton's house during his flight training.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Video: The princess bride: Will Kate reign over style?

  1. Transcript of: The princess bride: Will Kate reign over style?

    CURRY: All right, Natalie , thank you. Meantime, Kate Middleton has been praised for her elegant yet modern style , so who may she pick to design her wedding gown ? Who knows? But we have some ideas because we're going to talk about this with Avril Graham . She is the executive fashion and beauty editor for Harper's Bazaar . So she's got some ideas. And also we've got Anja Winikka -- thank you -- for -- she's a senior editor with theknot.com. Anja made sure I said her name right. It's such a beautiful name.

    Ms. ANJA WINIKKA (Senior Editor, Theknot.com): That's right . Thank you.

    CURRY: First, before we get to anything, we should talk about your having had the wonderful experience of being in London when Diana was married. You were in the crowd. Ms. AVRIL GRAHAM (Executive Fashion and Beauty Editor, Harper's Bazaar Magazine): Yes, I was in the crowd. It was my first job after leaving university. I was in London , so that whole runup to the glamour and the fabulousness of it all. And then luckily, throughout my career, I've been able to meet Princess Diana , which was lovely.

    CURRY: Hm.

    Ms. GRAHAM: And now here we are celebrating a, you know, a daughter-in-law. It's kind of lovely.

    CURRY: I know, and that's the thing about it, I've been talking to all my girlfriends...

    Ms. WINIKKA: Yeah.

    CURRY: ...it really does feel like there's a kind of fairy tale nature to this. It sort of touched a little note for all of us. And so people are just thrilled and excited and they seem to really like Kate Middleton .

    Ms. WINIKKA: And that's the thing. And we all are dying to know what wedding dress she's going to choose...

    CURRY: Hm.

    Ms. WINIKKA: ...what it's going to look like. And the one thing about her is that she's going to be 29 when she gets older -- when she gets married. She's got her own sense of style. She's a fashionable girl. I don't think she's going to be covered in tulle, I don't think she's going to be covered in beads like Princess Diana was. She's got a structured look to her. She loves wearing neck -- V necklines that plunge like that. So she's got a lot of these styles that already look really great on her, and I think her wedding dress will look the part.

    CURRY: So, Avril , I imagine behind the scenes, I mean you know how this stuff works, it's got to be...

    Ms. GRAHAM: Oh, yes.

    CURRY: ...a situation where is it fair to say that every designer of note is probably applying in some way?

    Ms. GRAHAM: You know, you've got this willowy, gorgeous girl...

    CURRY: Hm.

    Ms. GRAHAM: ...with this long auburn hair -- glossy hair. She's just heaven to dress.

    CURRY: Hm.

    Ms. GRAHAM: And, you know, right now so many of the major design houses in Europe have British designers.

    CURRY: Hm.

    Ms. GRAHAM: So you've got everyone from the Vivienne Westwoods of this world, which is Stella McCartney , John Galliano . They're all British and actually could all be in the running to design the dress.

    CURRY: But do they -- do they send notes? I mean, hopefully they have -- they hope that they have a relationship already with her because she does have beautiful clothes and she's obviously worn beautiful clothes. But sort of, I mean, how does she -- how do they sort of put their name out there so that they -- that they -- she might consider them as their -- because they will want her, want to dress her.

    Ms. GRAHAM: Well, she has handlers, too, you know. The PRs will all be likely...

    CURRY: Hm, they'll be busy.

    Ms. WINIKKA: Right, right, right. And there's also -- but there's also so many wedding dress designers who are very well-known in Britain who I imagine will be, yeah, they'll be coming out with amazing styles that kind of look like her, too. Bruce Oldfield is one wedding dress designer. That was one of Diana 's favorite couture designers. So I think that a lot of those guys, and maybe ever someone up and coming, you know, someone who's British, someone so she could kind of buy local...

    CURRY: Mm-hmm.

    Ms. WINIKKA: ...I think, but also that really, again, speaks to her personality and style while still keeping that royal look.

    CURRY: Then -- and she's -- and she -- you -- one of the ideas we were talking about before we started speaking on camera is that we think she might because she looks so lovely in sort of a V-neck, kind of a tight...

    Ms. WINIKKA: Yeah.

    Ms. GRAHAM: But not too plunging. Here's the thing...

    CURRY: Not too.

    Ms. WINIKKA: No.

    Ms. GRAHAM: You've got to please the establishment as well as pleasing the sort of younger generation.

    CURRY: Mm-hmm.

    Ms. WINIKKA: Right.

    Ms. GRAHAM: So already she's got that broad appeal. So she's still got to be very stately and very glamorous and sophisticated because the eyes of the world will be on her. So we're going to keep her in the spotlight, and I don't think our eyes will be off the runup.

    Ms. WINIKKA: No.

    CURRY: I think that she could very well be such an influence on fashion. I mean, I think she is already.

    Ms. WINIKKA: I think she is already.

    CURRY: I already want to find a beautiful blue dress , the color that she wore when she announced her engagement. Don't you?

    Ms. WINIKKA: Mm-hmm.

    CURRY: I mean, really.

    Ms. GRAHAM: Yeah, absolutely. She's got a very modern style , but really, you have to remember that, you know the prerequisite of being a princess is not just looking good in a bikini. She's got to look good in the countryside, hunting, shooting, fishing looks in a very kind of stately, kind of Ralph Lauren -y kind of way.

    Ms. WINIKKA: Mm-hmm. Mm-hmm.

Timeline: A history of British royal weddings

Take a look back at the gorgeous and famous British royal weddings in the last 80 years.

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