The Queen is to receive an 8% increase in income from public funds, after the Crown Estate's profits rose by £24m.
The
Sovereign Grant, which pays for the salaries of her household, official
travel and upkeep of palaces, is to increase by more than £6m in
2018/19. It comes as accounts revealed the Queen's official net expenditure last year increased by £2m, to almost £42m.
Sir Alan Reid, Keeper of the Privy Purse, said the Queen represented "excellent value for money".
- 2015 - How rich is the Queen?
"That's the price of a first class stamp.
"Consider that against what the Queen does and represents for this country, I believe it represents excellent value for money."
The Queen and the Royal Family's official travel cost the taxpayer £4.5m during 2016/17, up £500,000.
Clarence House has also released its annual accounts, which showed the Prince of Wales' annual income from his hereditary estate, the Duchy of Cornwall, increased by 1.2% - to £20.7m.
Royal accounts - some key figures
- £82.2m - Amount the Queen is expected to get from the Sovereign Grant in 2018/19
- £4.5m - Cost of the Queen and the Royal Family's official travel in 2016/17
- £288,697 - Amount spent on the Royal Train travel for 14 trips
- £1.2m - Cost of replacing doors on the orangery at Windsor Castle
- £154,000 - Estimated cost of Prince Charles and Camilla using "Cam Force One" - the official government plane - to visit Italy, Romania and Austria earlier this year
It is based on the profits of the Crown Estate portfolio, which includes much of London's West End.
The Crown Estate posted a £24.7m rise in profits, to £328.8m, in 2016/17.
No comments:
Post a Comment