Prince William and Kate Middleton's Wedding: An Economic Boon for Britain?

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At a time when citizens in Britain are bracing for sharp spending cuts, Prince William, the heir to the throne, proposed to his longtime girlfriend Kate Middleton. Many Britons hope the upcoming wedding will be a boost to the country's economy, with people in industries ranging from tourism to fashion and food retail reaping the financial benefits of the media storm. But some economists say royal weddings do not bring as much revenue they once did. We talk with Gillian Tett, a managing editor of the Financial Times, about the tourism revenue the wedding could bring in.