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A Royal Price Tag: The Cost of the Monarchy

A Royal Price Tag HOW MUCH THE MONARCHY COSTS TO LOCAL COUNCILS The British monarchy is steeped in history, tradition-and cost. The state visits, travel arrangements, and staff payroll add up quickly. In addition to the Royal Family's income and the Crown Estate, the Queen receives a sizeable allowance each year from public funds. And though the money the monarchy surrenders back to the government (from the Crown Estate) makes up for these costs, the figures are significant. COMMUNICATION AND INFORMATION WHAT THE ROyals COST THE DUKE OF W EDINBURGH According to financial reports presented to Parliament, the Royal Family costs nearly £40 MILLION each year in public funds. Here's how that sum breaks down and where the money comes from. 1% - £0.5 million 1% - £0.4 million PROVIDED BY: Parliamentary Annuities ................ PROVIDED BY: Grants-in-Aid .............................. ................... WHAT FOR: Communications Grants-in-Aid provides funding for the Royal Family to maintain a press office, develop the monarchy's website, and run communications. WHAT FOR: Parliamentary Annuities finance members of the Royal Family, primarily the Duke of Edinburgh, to support the Queen in her duties. OTHER EXPENDITURES THE QUEEN'S STAFF AND TIT HOUSEHOLD EXPENSES 10% - £3.8 million 36% - £14.5 million £39.9 million PROVIDED BY: Government Departments and the Crown Estate PROVIDED BY: The Civil List WHAT FOR: The Civil List is funded by Parliament to help the Queen carry out her duties. It covers staff and the expenses of running the royal household. ...................... WHAT FOR: Through various departments, Parliament provides funding for the administration of honours, equerries, orderlies, and other support, ceremonial occasions, and more. FOR 2011 | PROPERTY SERVICES ROYAL TRAVEL 34% - £13.7 million 18% - £7 million PROVIDED BY: Grants-in-Aid PROVIDED BY: Grants-in-Aid WHAT FOR: The Department for Culture. Media and Sport provides funding for maintenance and services at Buckingham Palace, The Royal Mews, Windsor Castle, and several other properties. .......................... WHAT FOR: The Department for Transport provides funding for official travel by air and rail for the Royal Family to keep engagements around the world. Figures represent 2011 support for the Royal Family. Official expenditures are met from public funds in exchange for revenue from the Crown Estate. THE SKY-HIGH COST OF ROYAL LIVING OTHER UNNAMED COSTIS Living like a member of the Royal Family carries a hefty price tag. Consider these estimated annual costs the monarchy bears for seemingly commonplace events and services. Critics of the Royal Family are quick to point out other costs to the public. In addition to the Civil List, Parliamentary Annuities, and Grants-in-Aid funds, some groups, like Republic, estimate the following significant costs to the taxpayer. GARDEN PARTIES £100 £800,000 MILLION CATERING FOOD AND KITCHENS (1) £500,000 WINE AND SPIRITS £400,000 STATIONERY, PRINTING AND BINDING £200.000 £26 MILLION £24.5 MILLION CARRIAGE PROCESSIONS £13.2 MILLION £200,000 UNIFORMS AND PROTECTIVE CLOTHING (1) £100,000 Cost to Local Council for Visits Lost Revenue from Duchy of Cornwall Lost Revenue Security from Duchy of Figures represent 2010 estimates for Royal Family costs according to financial records presented to Parliament. by Queen Lancaster SOURCES: ROYAL.GOV.UK | REPUBLIC.ORG.UK Confused.com

A Royal Price Tag: The Cost of the Monarchy

shared by calmyourbeans on May 21
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The British monarchy is steeped in history, tradition - and cost. The money the monarchy surrenders back to the government (from the Crown Estate) makes up for these costs, but the figures are significant.

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Confused.com

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Economy
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