Heritage

The Queen Just Got a £6 Million Raise to Fund a Renovation of Buckingham Palace

But how much will it cost the public?
IMAGE GETTY/ MAX MUMBY/ INDIGO
Comments

The Queen will receive an eight percent increase in income from public funds after the government's decision to increase her funding to cover "essential works" to Buckingham Palace.

The Crown Estate, which owns the majority of Regent Street, parts of St. James's and thousands of acres of farmland, forests, and coastline, saw its profits rise by £24 million (via BBC News).

The Sovereign Grant, which pays for the salaries of the Monarch's household, official travel, and upkeep of palaces, will increase by £6 million from 2018.

The rise has been agreed as part of Buckingham Palace's extensive repairs, which is costing £369 million. Officials have said that the restoration work was essential to avoid "catastrophic building failure."

How much will that cost individual members of the public?

Sir Alan Reid, Keeper of the Privy Purse, said: "When you look at these accounts, the bottom line is the Sovereign Grant last year equated to 65p per person, per annum, in the United Kingdom. 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."

And a few more expenses have been revealed. Clarence House has revealed that the Queen and the Royal Family's official travel cost the taxpayer £4.5 million during 2016/17, up £500,000.

The accounts show that Prince Philip spent £18,690 on a train trip to Plymouth, to attend a dinner at the Royal Marines barracks.

It also cost an estimated £154,000 for Prince Charles and the Duchess of Cornwall to hire government Voyager on charter for a week-long trip to Romania, Italy, and Austria.

Officials said that members of the Royal family "quite frequently" traveled business rather than first class, adding: "If you are expected to arrive and be greeted formally by a head of state and do all sort of engagements when you land, there is quite a strong argument to go in as comfortable a fashion as you can."

ADVERTISEMENT - CONTINUE READING BELOW

Not everyone is happy with the increase, with some criticizing the government and lamenting the cuts to the public sector on Twitter.

Republic, which campaigns for an elected head of state, said it was a "massive bill for the taxpayer" to support "privileged lifestyles."

What do you think?

This story originally appeared on Townandcountrymag.com.

* Minor edits have been made by the Townandcountry.ph editors.

Comments
View More Articles About:
About The Author
Naomi Gordon
View Other Articles From Naomi Gordon
Comments
Latest Stories
 
Share
Once upon a time when couture was standard, these fashion masters were the ones trusted by Manila's elite.
 
Share
Seven notorious con men (and women) who were caught in the act.
 
Share
An elite group of artists are growing in influence and reach. Here's the key to cracking their codes.
 
Share
Let these broad strokes be your quick-test when governing the sometimes ungovernable.
 
Share
“Your age is less chronological and more attitudinal," she says.
 
Share
It will be the first lunar mission taken by humans since NASA sent Apollo 17 there in 1972.
 
Share
In the 1930s, its factory caught fire, which burnt down everything but aluminum.
 
Share
With Basquiats, Modiglianis, and Picassos going for upwards of $100 million, the stakes have never been higher.
 
Share
How one woman is taking on an rampant problem of counterfeit wines.
 
Share
"My character wasn’t written to be Filipino-American, they actually changed her to give me this role," says Danielle Lyn.
 
Share
Chris Do, along with other expert creatives, will take part in CITEM’s CREATE Philippines.
Load More Articles
CONNECT WITH US