The Queen To Receive £30M Bonus From Public Due To Rule Meaning Royals Income Can’t Drop With Inflation
1 Jul 2022
UK taxpayers will pay an additional £27.3 million over the next two years to cover the royal family in the midst of a cost of living crisis.
The Sovereign Grant, which covers the cost of items including royal staff salaries to travel and refurbishment of Buckingham Palace, is currently set
In normal circumstances the cash pool would reduce by a total of £27m over
the next two years because of the Crown Estate’s fall in profits. But it will now remain at £86.3m at the near £30m expense of taxpayers.
The public have former prime minister
David Cameron’s government to thank for this, after they inserted a “golden ratchet” clause meaning the level of the grant cannot be reduced whatever the state of the economy.
Royal spending rose 17% in the fiscal year through April 2022 to £102.4 million, the family’s latest accounts released Thursday in London show.
The accounts showed 29% jump in the £69.3 million cost of maintaining the monarch’s properties, including Buckingham Palace, St. James’s Palace, Windsor Castle and other royal residences.