Apparently the Governemnt thinks that it will "lift the spirits" of the ordinary folk in hard times.
The numpties; this isn't exactly on the scale of the Queen getting married after WW2! Although it doesn't surprise me that the ConDems would be so out of touch as to think a little bit of forelock-tugging is all we need. I did laugh to hear someone say is that all we need is for Argentina to invade the Falklands again and we'll be truly back in Thatcher's Britain.
Regarding William's baldness, one of the pundits over here pointed out very solemnly that "They've been together for 8 years so Kate knows exactly what she's getting into...she knows he'll be bald!"