Queen to get a 5% pay rise: Monarch’s income to hit almost £38 million next year after Crown Estate profits soar
New rules mean Queen’s income is linked to profits of Crown Estate
Buckingham Palace publishes accounts for 2012 Jubilee year
By Matt Chorley, Mailonline Political Editor
PUBLISHED: 08:10 GMT, 27 June 2013 | UPDATED: 14:03 GMT, 27 June 2013
Read more: http://www.dailymail.co.uk/news/article-2349433/Queen-5-pay-rise-Monarchs-income-hit-38-million-year.html#ixzz2XQogkYeQ
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The Queen is to receive a five per cent pay rise in income next year, it emerged today.
It will take the monarch’s income to almost £38million, the second year running that funding from the taxpayer has gone up.
The extra money comes after the Crown Estate posted record profits, of which the Queen gets a share.
Under a new funding deal agreed by George Osborne in 2010, the Queen’s income is directly linked to the money the Crown Estate makes each year.
The Civil List and grants for travel, PR and maintenance on royal palaces were replaced with a new single payment.
The Crown Estate, which owns and runs land and property on behalf of the monarch, saw profits rise from £240million to £252.6million in 2012-13.
Under the new rules the Queen receives 15 per cent of the gains, securing a Sovereign Grant of £37.9million in April 2014, up from £36.1million this year.
Asked whether the Prime Minister supported the increase to the Sovereign Grant, a No 10 spokesman said: ‘There is a process that is gone through. I don’t think the Prime Minister disagrees with that process.’
The revelation comes as the Queen’s latest financial accounts were published.
…i have no problem in the Queen or else making £37million/year…! BUT I COULD DO MUCH MORE FOR A COUNTRY WITH THAT POWER AND MONEY…!
THE COMMONWEALTH WOULD BE A REAL HEAVEN ON EARTH, WITH NO POOR AND PEASANTS FOR SURE, and plenty of work for all…!
SOMEDAY BEFORE her demise by “old age”, she might want to recognise the most advanced logic and literary publishing ever done, by one of her citizens of Canada, with my Book: THE BOOK OF PURE LOGIC…!
This would not mean her sacrificing the CHURCH OF ENGLAND, which has had a Historic value and can still have it…!