The Royal Forums Coat of Arms

Go Back   The Royal Forums > Reigning Houses > British Royals

Join The Royal Forums Today
Reply
 
Thread Tools Search this Thread Display Modes
 
  #341  
Old 05-02-2009, 04:36 AM
Skydragon's Avatar
Imperial Majesty
 
Join Date: Oct 2005
Location: London and Highlands, United Kingdom
Posts: 10,943
Each country is allocated a certain amount by the EU but it is DEFRA who allocates the funds in the UK. It was supposed to help small farmers receive a guaranteed income but it now helps the larger land owners who claim it.
__________________

__________________
Reply With Quote
  #342  
Old 06-02-2009, 04:53 AM
Skydragon's Avatar
Imperial Majesty
 
Join Date: Oct 2005
Location: London and Highlands, United Kingdom
Posts: 10,943
Ministers and the Queen's most senior officials have been heavily criticised by a committee of MPs for allowing historic buildings on the Royal estate to fall into disrepair

Ministers and Queen's officials blamed for royal estate falling into disrepair - Telegraph

Buckingham Palace should open to the public more often to help plug a £32million black hole in the budget for essential repairs to royal buildings and monuments, say MPs

The Queen's £32m repairs black hole: Open the Palace more to pay bills, say MPs | Mail Online
------------------------------
It certainly seems to be time to stop employing people to employ people to employ people to employ people to allocate where the money they do receive, is spent.
__________________

__________________
Reply With Quote
  #343  
Old 06-07-2009, 05:33 AM
Skydragon's Avatar
Imperial Majesty
 
Join Date: Oct 2005
Location: London and Highlands, United Kingdom
Posts: 10,943
If business seems brisk at Tetburyís Close Hotel theyíre almost spilling on to the pavement at the Ormond pub.
A prawn salad at the Chefís Table brasserie might be nice, while cowboy boots and horse couture are galloping out of Overider, a friendly boutique on the corner of Church Street.

Sunday Express | UK News :: The royales who pay their way
__________________
Reply With Quote
  #344  
Old 06-08-2009, 10:28 PM
Courtier
 
Join Date: Sep 2005
Location: Sydney, Australia
Posts: 589
Hi.

Does any body have any idea about when the queen's annual account this year will be published?
__________________
Reply With Quote
  #345  
Old 06-09-2009, 06:14 PM
Skydragon's Avatar
Imperial Majesty
 
Join Date: Oct 2005
Location: London and Highlands, United Kingdom
Posts: 10,943
It's normally towards the end on June.
__________________
Reply With Quote
  #346  
Old 06-23-2009, 03:26 PM
Heir Presumptive
 
Join Date: Jun 2005
Location: , United States
Posts: 2,731
Only The Prince of Wales has a truly independent income from the Duchy of Cornwall. The Queen still receives Civil List monies for reimbursement of various expenses from Parliament, which is required as part of the precedent of relinquishing the income from the Crown Estate in return for support from Parliament.

The income from the Duchy of Lancaster is used to support other members of the royal family in their duties, again replacing Civil List support that used to be received from Parliament. The Queen's private fortune of various investments is her only truly independent income.
__________________
Reply With Quote
  #347  
Old 06-23-2009, 05:29 PM
Iluvbertie's Avatar
Majesty
 
Join Date: Jun 2004
Location: Bathurst, Australia
Posts: 8,359
The Civil List is the payment for being Head of State.

The Queen's private income is generated from the Duchy of Lancaster and it is from this income that she pays the rest of the family, sets up trust funds for her kids and leaves an inheritance for them as well.

What she leaves Charles will be the Duchy alone to create his own private income as King.

Over nearly 60 years the Queen has been able to develop a large personal income from the income of the Duchy, and whatever else she may have been left by her grandparents and father for instance. These days she mightn't even need the income of the Duchy but is it the basis of her fortune.
__________________
Reply With Quote
  #348  
Old 06-23-2009, 09:55 PM
Heir Presumptive
 
Join Date: Jun 2005
Location: , United States
Posts: 2,731
The Queen has no doubt been able to accumulate a considerable fortune since her accession in 1952 from the Duchy of Lancaster, mostly due to the fact she enjoyed tax-free status for most of her reign. In addition, the Civil List provided monies to other members of the royal family in carrying out their public duties, a practice that has now ended with the exception of The Duke of Edinburgh.

Keep in mind she came to the throne with far less money than most monarchs due to her father unexpectedly becoming King with her uncle's Abdication. George VI had to buy back Balmoral and Sandringham from The Duke in addition to paying him a considerable allowance ever year. Since The King was never Duke of Cornwall, he only had approximately 1 million pounds sterling from George V as his private money.

The Duke proved to be quite greedy in terms of money, having accumulated years of income from the Duchy of Cornwall as the heir in addition to the income from the Duchy of Lancaster for the year he reigned as King. In today's terms, he left Britain with over $30 million in capital in 1936, which was considerably more than his brother possessed.
__________________
Reply With Quote
  #349  
Old 06-24-2009, 08:41 AM
Warren's Avatar
Administrator
 
Join Date: Jan 2005
Location: Sydney, Australia
Posts: 15,281
Post discussing the Duchy of Cornwall annual accounts have been moved to the Duchy of Cornwall thread.
__________________
Seeking information? Check out the extensive Royal A-Z
Reply With Quote
  #350  
Old 06-29-2009, 05:42 AM
Skydragon's Avatar
Imperial Majesty
 
Join Date: Oct 2005
Location: London and Highlands, United Kingdom
Posts: 10,943
The backlog in repairs at Buckingham Palace and other crumbling buildings on the Royal estate has soared from £32 million to £40 million in 12 months

Queen's repair bill for crumbling palaces soars to £40 million - Telegraph

The Queen and the Royal Family cost the taxpayer 69p per person last year - an increase of 3p, Buckingham Palace accounts have revealed.

http://uk.news.yahoo.com/21/20090629...p-6323e80.html

The Queen and the Royal Family cost the taxpayer 69p per person last year - an increase of 3p, Buckingham Palace accounts have revealed.

http://news.sky.com/skynews/Home/UK-...e_Royal_Family

The Queen has been forced to raid her 'savings' in order to sure up her crumbling palaces as the bill for royal travel soars to record levels

http://www.dailymail.co.uk/news/arti...its-41-5m.html
__________________
Reply With Quote
  #351  
Old 06-29-2009, 12:22 PM
Ella Kay's Avatar
Courtier
Royal Blogger
 
Join Date: Aug 2005
Location: Anywhere, United States
Posts: 952
Okay, I'm a little fuzzy on how a lot of the funding for the royal works, so if this is a totally stupid question, I apologize.

Here's how I understand it: the taxpayers fund the Civil List, which in turn funds The Queen and Prince Philip. The Queen doesn't pay any of this money back. However, the funding for other members of the family, staff, and residences comes from a parliamentary annuity, which is then replenished by The Queen through the privy purse funds from the Duchy of Lancaster.

If that's the case, why doesn't The Queen pay back the Civil List funds from the Lancaster money? Is it because these funds are supposed to cover public costs she incurs as Head of State? If so, why are the public costs that someone like, say, Prince Andrew incurs while fulfilling his officialy duties paid back, while The Queen's aren't?
__________________

"I have to be seen to be believed."
HM The Queen
Reply With Quote
  #352  
Old 06-29-2009, 01:11 PM
Nobility
 
Join Date: Dec 2007
Location: london, United Kingdom
Posts: 277
The Queen recives the following money from the taxpayers in the following ways:
The Civil List - paid by the UK Treasury to meet the Queen's official costs such as staff (about 300 are paid through the civil list), entertaining guests and vistors, office costs etc. Prince Philip is the only otehr member of teh royal to recieve a taxpayer funded allowance.
In addition HM then recives the following Grants in Aid for the stated reasons:
Grant in Aid for Travel - to meet the costs of official travel by air and rail by ALL members of the royal family. It is paid by the Department for Transport.
Grant in Aid for the Occupied Royal Palaces in England, Royal Communcation, and the Upkeep of Malborough House. - paid by the Department of Media,Culture and Sport. It pays for the upkeep of Buckingham Palace, St JAmes' Palace parts of Kensington Palace, Windosr Castle, and Frogmore House, Clarence House, Malborough House Mews, The Queen's gallery, Hampton COurt Mews as well as some buildings in Windsor Great park and Home Park. In addition there is a small allowance here to mee the costs of dealing with the media.

HM then recives the INCOME from the Duchy of Lancaster. HM does not own this but is, as Soverign, entitled to the income generated. This is used to meet other official costs not met by the above allowances as well as some of HM's private costs. HM uses this to reimburse the Treasury the Palimentary Allowances of other Members of teh Royal Family. This is carried out this way as HM recives tax deductions of the reimbursed amounts.

HM then has her own personal income and assets which are entierly seperate from any of the above and are private.

The Prince of Wales uses the INCOME from the Duchy of Cornwall to meet his costs apart from the Travel by Air and Rail which is met from the above mentioned grant in aid as is an alloance for the upkeep of Clarence House. HRH also recives a small allowance for dealinng with media matters.

Therefore most members of the royal family have all but their official travel by air and rail met through either the Duchy of Lancaster of HM's personal funds. Until the early 1990's the Queen's children and cosuins recived their Palimentary Allowances from the treasury, however after public pressure over the costs of the monarchy and HM's personal taxation and other bad press for the Royal Family it awas decide only that Prince Philip and the Queen Mother recived their allowances from the treasury. The costs met by the taxpayers money are those incurred by HM's role as HEad of the British State.
__________________
Reply With Quote
  #353  
Old 06-29-2009, 03:46 PM
Al_bina's Avatar
Heir Apparent
 
Join Date: Dec 2004
Location: City, Kazakhstan
Posts: 5,546
Queen Elizabeth Almost Broke - The Daily Beast

Any truth in this article?
__________________
"To watch the sun sink behind a flower clad hill.
To wander on in a huge forest without thought of return. To stand upon the shore and gaze after a boat that disappears behind distant islands. To contemplate the flight of wild geese seen and lost among the clouds.
And, subtle shadows of bamboo on bamboo." Zeami Motokiyo
Reply With Quote
  #354  
Old 06-29-2009, 04:38 PM
Skydragon's Avatar
Imperial Majesty
 
Join Date: Oct 2005
Location: London and Highlands, United Kingdom
Posts: 10,943
Yes, some.
------------------------------------------end of reply to Al bina
tommy1716 Interest from the Duchy helps to bolster HM's private income, after repayments etc. It works in the same way as the Duchy of Cornwall and if you bear in mind how much income that generates......
---------------------------------------------------

The royal family is to demand a pay rise from the taxpayer to fill a looming £40m hole in its finances.The Queen wants an extra £4m a year to pay for repairs and improvements to her homes, including Buckingham Palace, Windsor Castle and St James's Palace. Courtiers may also request an increase in civil list payments to cover rising costs of running the royal family, which hit £41.5m during the 2008-09 financial year – an increase of £1.5m

Times may be hard, but one needs a £4m pay rise (and it could be more) | UK news | The Guardian

Last week Clarence House indicated that he costs of the visits by the Prince and Duchess of Cornwall to the Far East and South America were just over £500,000 each

http://www.telegraph.co.uk/news/news...-of-Wales.html
__________________
Reply With Quote
  #355  
Old 06-29-2009, 06:28 PM
sgl's Avatar
sgl sgl is offline
Heir Apparent
 
Join Date: Jan 2008
Location: ~, United States
Posts: 4,826
Here's some more info about the royal costs:

http://www.theroyalforums.com/9089-d...osts-revealed/
__________________
Be sure to visit the blog!
"I look just like the girls next door...if you happen to live next door to an amusement park"-Dolly Parton
Reply With Quote
  #356  
Old 06-29-2009, 08:06 PM
BMC's Avatar
BMC BMC is offline
Aristocracy
 
Join Date: Jun 2004
Posts: 206
Fund the repairs- Buckingham Palace, Windsor Castle etc are not her personal property [Balmoral & Sandringham are], she merely has life use of those properties. They belong to the UK and it is up to the country to pay for the repairs much like the White House & Capitol belong to us and we have to pay for their upkeep & repair.

As for the Civil List- well apparently it hasn't been increased in almost 10 years. And apparently HM was able to make some savings on what she had received previously & put it in a "rainy day" fund that would pay her bills if they exceeded her Civil List allowance [how many government departments in any country can be said to have done that- darn few I'll wager]and that fund is now being used up rapidly if I understand the articles correctly. So some adjustment is in order.

I have to say the gall of the MPs complaining about the costs is amazing considering how much they've helped themselves to the British public's money. It isn't like HM is asking for money to buy new horses, jewels etc etc. She is asking for more money in order to pay her staff who assist her in the performance of her duty to and on behalf of the UK and the expenses that come with that performance.

As for the timing- well I doubt if there is ever truly a good time for the Queen to request more funding. She's damned if she does in many quarters regardless of whether times are good or bad.
__________________
Reply With Quote
  #357  
Old 06-29-2009, 09:59 PM
Nobility
 
Join Date: Dec 2007
Location: london, United Kingdom
Posts: 277
Palace officials spent £300,000 on Beatrice's student digs | Mail Online

Apparently £300,000 was spent refurbishing the St James' Palace apartment that Bea moved into earlier this year.
__________________
Reply With Quote
  #358  
Old 06-30-2009, 04:59 AM
Skydragon's Avatar
Imperial Majesty
 
Join Date: Oct 2005
Location: London and Highlands, United Kingdom
Posts: 10,943
A great deal of money is probably wasted on staff employed to manage staff who manage etc. They could cut costs a great deal if they got quotes from people rather than use the old boy network.


HM didn't save the money, the government realised they had overpaid/allowed HM and the money was then set aside for future use! You say BP, WC etc belong to the nation, they do, so perhaps HM should start to pay rent! Just look at the money wasted on improving an apartment in St James for Beatrice!
------------------------------------------------end of reply

Globetrotting Prince Charles sent the travel bill soaring with the two of the most expensive trips in the history of royal accounts.
A tour on behalf of the Foreign and Commonwealth Office to the Far East last autumn cost taxpayers £694,081, including flights for staff. And his visit to South America in March racked up a bill for £698,890.

'Green' Prince Charles, the private jets and a bill for £1.3m | Mail Online
__________________
Reply With Quote
  #359  
Old 06-30-2009, 05:23 AM
Nobility
 
Join Date: Dec 2007
Location: london, United Kingdom
Posts: 277
Well I do think that HM and her staff have cut costs, in the early 1990's the monarchy cost around £90million, now it is down to just over £40million so clearly cuts have been made but Iím sure more could be made. The biggest area to cut seems to be travel, it does amaze me at the difference in the costs for some trip. I mean if you look at the list of trips that cost more that £10,000 Princess Anne and the Earl and Countess of Wessex appear 2 or less times each, indeed one of those trips for Anne was £20,000 on scheduled flights to Australia after the bush fire tragedy. Yet other members appear repeatedly. I think there needs to be a change in attitude by royal staff and some royals themselves. Scheduled flights should become the norm for all but the most senior royals in most cases (i think even the PoW could use more scheduled flights or smaller aircraft) .

At the end of the day though there is only so much you can cut costs before you take away the parts that are special and meaningful about the monarchy. And £40milion isnít that bad when you think of the costs of other heads of state I'm sure HM is comparable.
__________________
Reply With Quote
  #360  
Old 06-30-2009, 09:57 AM
BMC's Avatar
BMC BMC is offline
Aristocracy
 
Join Date: Jun 2004
Posts: 206
[quote=Skydragon;959821] A great deal of money is probably wasted on staff employed to manage staff who manage etc. They could cut costs a great deal if they got quotes from people rather than use the old boy network.

HM didn't save the money, the government realised they had overpaid/allowed HM and the money was then set aside for future use! You say BP, WC etc belong to the nation, they do, so perhaps HM should start to pay rent! Just look at the money wasted on improving an apartment in St James for Beatrice!
------------------------------------------------end of reply

Maybe the Government did over pay HM. However my point is she didn't waste that money, it was set aside for "future use". And the future is now because that money is being used up.

I agree that staffing is probably the best place to cut- Lord knows payroll is the most expensive cost of any profession.

I don't agree about charging HM rent for occupying those buildings. Her relatives & retired staff are another matter altogether....
__________________

__________________
Reply With Quote
Reply

Tags
british royal family, civil list, finances


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Wealth and Finances of the Spanish Royal Family hrhcp Royal Family of Spain 109 02-06-2014 05:00 AM
Costs and Finances of the Belgian Royal Family Marengo Royal Family of Belgium 64 07-27-2013 05:49 AM
Royals and Wealth, Costs and Finances kcc Royal Life and Lifestyle 384 09-28-2012 02:27 AM
Wealth of The German Royal/Princely Houses kcc Royal Families of Germany and Austria 12 12-30-2007 03:35 AM




Additional Links
Popular Tags
birth charlene chris o'neill crown prince felipe crown prince frederik crown prince haakon crown princess letizia crown princess mary crown princess mette-marit crown princess victoria current events fashion grand duchess maria teresa grand duke henri hohenzollern infanta cristina infanta elena jordan king abdullah ii king carl xvi gustav king felipe king felipe vi king harald king juan carlos king philippe king willem-alexander luxembourg olympic games ottoman pom prince albert prince albert ii prince carl philip prince constantijn prince felipe prince floris prince laurent prince pieter-christiaan princess princess alexia (2005 -) princess anita princess ariane princess beatrix princess catharina-amalia princess charlene princess claire princess eleonore princess elisabeth princess haya princess laurentien princess letizia princess mabel princess madeleine princess margriet princess marie princess mary princess of asturias queen letizia queen mathilde queen maxima queen paola queen rania queen silvia queen sofia royal russia spain state visit wedding william


Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

RV & Travel Trailer Communities

Our RV & Travel Trailer sites encompasses virtually all types of Recreational Vehicles, from brand-specific to general RV communities.

» More about our RV Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


Copyright 2002-2012 Social Knowledge, LLC All Rights Reserved.

All times are GMT -4. The time now is 05:52 AM.

Social Knowledge Networks

eXTReMe Tracker
Powered by vBulletin
Copyright ©2000 - 2014
Jelsoft Enterprises

Royal News Delivered to your Email!

You can get the latest Royal News right in your inbox.

unsusbcribe at anytime with one click

Close [X]