a question from across the pond (since we don't have knighthoods here): what exactly does this do for you? I mean, besides you getting to add "sir" or "dame" to the front of your name.
There are no financial or practical benefits to be awarded a knighthood, it is purely an honorary award. However being called Sir or Dame carries a certain amount of prestige as you suggested and can "open certain doors" that may be denied to ordinary folk. Who amongst us would refuse a knighthood if offered one?
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