It is misleading to advise that “the Queen’s land and property” has dropped in benefit by £500m (Queen’s residence drops in price by £500m following rental receipts decrease, 18 September). The crown estate is community house, handed to the govt in 1760 in a deal that in return absolved the monarch of the will need to pay back for the army, the civil provider and so on.
In current a long time Buckingham Palace, and specially Prince Charles, has eyed the estate’s gains greedily and been eager to return it to royal arms – but not, of program, to commence spending yet again for individuals fees removed from the monarch in 1760.
Until finally 2012, 100% of the gains went to the Treasury, as they ought to, but then George Osborne stupidly changed the royal finance arrangements to give the Queen a share of the crown estate’s earnings, now up to 25%. This will help to reveal why the yearly civil record, which was £7.9m in 2010, has ballooned to very well over £80m each individual year underneath the sovereign grant that replaced it.
But royal supporters fearful by the drop in profits for the crown estate in 2020/21 referred to in your report can breathe simple. Under Osborne’s generous deal, funds for the Queen can only at any time keep the exact same or go up, never ever down.
Former Liberal Democrat MP creator of And What Do YOU Do? – What the Royal Family Do not Want You to Know
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