Queen Elizabeth doesn’t receive funds from the Crown Estate

Queen Elizabeth doesn’t receive funds from the Crown Estate

Queen Elizabeth doesn’t receive funds from the Crown Estate

Queen Elizabeth doesn’t receive funds from the Crown Estate

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The Queen doesn’t get any money from the Crown Estate according to prominent journalist Richard Palmer, whose revenues have been given to the government since 1760 to reflect the fact that the monarch no longer utilizes them to pay for the needs of the State.

He was responding to a claim made on social media that “The Royal Family’s Sovereign Grant is calculated by 25% of Crown Estate profits.”

In place of, say, the inflation rate, Richard Palmer said that the annual surplus from the Crown Estate, which truly only belongs to the king in name, is utilized as a benchmark. Taxpayers still provide the funding.

He said it all comes from the same pot (apart from. “There’s an important constitutional point: MPs have agreed that a constitutional monarchy should be answerable to and depend financially on Parliament.,” he said.

Read more. A German actress will play Queen Elizabeth I in tv series

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Richard Palmer said, “The Queen has done well out of this theoretical link between a percentage of the profits of an independent (perhaps arms-length government) property empire and what she receives from the taxpayer since 2012. But now of course she is facing several flat years because profits fell.”

He added,”She is fortunate that her taxpayers’ Sovereign Grant hasn’t been cut in line with Crown Estate profits. Before the SG was introduced, palace officials said it would fall and rise with CE profits. But at the last minute, it was agreed it would never fall.”

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