How do the british royals make money

How do the british royals make money

By: Olger On: 07.07.2017

How did the spending of Queen Elizabeth and the royal family get so out of control that they are down to their last million?

how does the british royal family earn money? | Yahoo Answers

Blame her people, at least according to a report published today. UK Lawmakers Tell Queen to Cut Costs, Boost Income. The report criticizes the queen's household and the treasury for its financial planning and management. It's not the first time the royal family has been told to tighten its belt.

Does The Royal Family Take Advantage Of UK Taxpayers? | Celebrity Net Worth

Last October, the public accounts committee lectured the queen's treasurer, Sir Alan Reid, about why the royals exceeded their budget of 31 million pounds and spent Parliament Tells Royal Family To Tighten Its Belt. Before , Parliament didn't have the authority to pry into the details of royal spending. But a law passed that year gave Parliament's public accounts committee oversight and also changed the way the royal family gets its funding. Buckingham Palace now gets a single yearly payment called a Sovereign Grant, based on a percentage of the income generated by so-called Crown Estates -- properties including farmland, mines and retail establishments.

The money pays for royal travel, entertaining, home maintenance and other family expenses. On what kind of things are the Queen, Prince William , Kate Middleton and the rest of the royals spending money? The royal train service cost , pounds last year, but royal travel spending did fall to 4. The royals have lower helicopter maintenance to thank for that, which was most recently 2. The royals are spending more on their utilities: The report details increases in electricity and gas for Buckingham Palace and the Royal Mews.

The need for property maintenance is continually assessed. A spokesperson for Buckingham Palace explained that the 1 million pounds left in the reserve was all planned and approved by the Treasury. Work on income generation continues," the palace said in a statement.

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WATCH Tough Times for Buckingham Palace. UK Lawmakers Tell Queen to Cut Costs, Boost Income The report criticizes the queen's household and the treasury for its financial planning and management. Parliament Tells Royal Family To Tighten Its Belt Before , Parliament didn't have the authority to pry into the details of royal spending. How the British Royal Family Burned Through Its Money.

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how do the british royals make money

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