The Royal Forums Coat of Arms


Join The Royal Forums Today
Reply
 
Thread Tools Search this Thread Display Modes
 
  #1021  
Old 12-02-2016, 07:16 PM
Royal Highness
 
Join Date: Apr 2006
Location: England, United Kingdom
Posts: 1,523
The Queen uses some of the income from the Duchy of Lancaster to meet the costs of other members of the RF, she now pays these royals the allowances once given to them by the Civil List so yes she could give up the Duchy income but then she would need more in her official expenditure budget anyway.
__________________

Reply With Quote
  #1022  
Old 12-02-2016, 07:24 PM
Heir Apparent
 
Join Date: Aug 2014
Location: Melbourne, Australia
Posts: 4,478
How do you know the Queen doesn't 'need' Duchy of Lancaster money? She pays the expenses of her relatives when they are on public engagements on her behalf from it, for a start! If the heir to the throne had no Duchy of Cornwall money (a custom that has lasted for centuries by the way) what do you suggest the heirs live on? Direct income paid yearly by the government? Yes, that would go down well each year with British taxpayers! Or the Queen pays his expenses from her Duchy of Lancaster money? On no, wait, that's been abolished...
__________________

Reply With Quote
  #1023  
Old 12-02-2016, 07:24 PM
Heir Presumptive
 
Join Date: May 2014
Location: Pittsburgh, United States
Posts: 2,553
Quote:
Originally Posted by PetticoatLane View Post
Every day the Queen steps outside she's wearing many thousands of pounds worth of clothing and jewellery. Her least valuable brooches alone are probably worth more than I earn in a year, but no one says anything about it.

I mean what must the value of this ensemble been? £10 million? £20 million? More?
Most of her personal jewels were inherited from her mother, her grandmother, and her great-grandmother, or were gifts she received from other heads of state/ countries (e.g. the Brazilian aquamarines she has been wearing quite often on state banquets lately). The older pieces (from the Victorian age) are on the other hand mostly part of the Royal Collection and are not even owned by the Queen personally.

So, it's not like the Queen has been routinely spending thousands of pounds on new jewelry lately. I suppose she does spend a considerable amount of money on clothing, but probably not as much as some younger queens in continental Europe.
Reply With Quote
  #1024  
Old 12-02-2016, 07:31 PM
Nobility
 
Join Date: Jan 2012
Location: Balmoral, United Kingdom
Posts: 405
I would fund the working royals generously, perhaps £100k each. At the end of the day they are still ordinary people, working for a living. They also have their private wealth so it's not as of they are living on minimum wage like millions of other Brits.
Reply With Quote
  #1025  
Old 12-02-2016, 08:04 PM
Heir Apparent
 
Join Date: Aug 2014
Location: Melbourne, Australia
Posts: 4,478
Would you give Princess Alexandra or the Duke of Kent who perform Royal duties intermittently (because of age/illhealth) the same salary as the Prince of Wales and Princess Anne, who undertake dozens of engagements a month, £100,000 a year? After all, they are all working royals.

Also, how would Balmoral be maintained? PMs and Governors General and other VIPs are sometimes invited to spend breaks there. Or would it be sold or allowed to fall down?
Reply With Quote
  #1026  
Old 12-03-2016, 03:03 AM
Osipi's Avatar
Majesty
 
Join Date: Jul 2008
Location: On the west side of North up from Back, United States
Posts: 8,950
royal blue, do you really have any idea of what HM, The Queen and The Prince of Wales do with the income they receive? At all? I would suggest doing a little bit of research into that before making such a rash statement.

I kind of have to laugh because from what I know of the Queen, she may be decked out in priceless and historical glittering jewels and dine at state banquets with meals cooked to perfection by the best chefs while entertaining heads of state but she is very well known to be the mistress of being frugal and watching the costs of things.

For the most part, people that have amassed a fortune in their bank accounts keep it that way by not being excessive and knowing the value of things.
__________________
“In my walks, every man I meet is my superior in some way, and in that I learn from him.”
~~~Ralph Waldo Emerson~~~
Reply With Quote
  #1027  
Old 12-03-2016, 04:24 AM
muriel's Avatar
Majesty
 
Join Date: Jun 2007
Location: London / Guildford, United Kingdom
Posts: 6,876
Quote:
Originally Posted by royal-blue View Post
The monarch and their heir do not need the multimillion pound income from the Duchies. The money could either be paid entirely to the Exchequer or to some charity.
Ignoring the issue of what the monies from the Duchies are used for, are you suggesting a socialistic, needs-based income framework for the Queen and the PoW?

What about you and I, should our incomes be need absed as well, and the balance handed over to the Exchequer? A larhe part of the world tried that model of economy and society for about half of the last century and failed!
Reply With Quote
  #1028  
Old 12-03-2016, 05:20 PM
vkrish's Avatar
Courtier
 
Join Date: Sep 2012
Location: Toronto, Canada
Posts: 953
And don't forget about the biggest hangers-on (the Yorks). I am sure a huge chunk of her income goes on upkeep of their jet set and partying lifestyle and nursing the overbloated ego of mommas boy..
__________________
The only word I hate in the Royal Dictionary - ABDICATION
Reply With Quote
  #1029  
Old 12-03-2016, 05:39 PM
Heir Apparent
 
Join Date: Jul 2006
Location: Torrance, United States
Posts: 3,227
Quote:
Originally Posted by Osipi View Post
royal blue, do you really have any idea of what HM, The Queen and The Prince of Wales do with the income they receive? At all? I would suggest doing a little bit of research into that before making such a rash statement.

I kind of have to laugh because from what I know of the Queen, she may be decked out in priceless and historical glittering jewels and dine at state banquets with meals cooked to perfection by the best chefs while entertaining heads of state but she is very well known to be the mistress of being frugal and watching the costs of things.

For the most part, people that have amassed a fortune in their bank accounts keep it that way by not being excessive and knowing the value of things.
AFAIK the Queen's frugal habits are lifelong and have likely been inherited by some of her children ie: Charles and Anne's wardrobes do feature items that they've worn for decades now. Both QEII and the PoW are aware that their investments and improvements at their private estates require careful management as many people are employed at Balmoral, Sandringham and Duchy of Cornwall properties/ Highgrove's farms/shops etc.. While her children and grandchildren have inherited wealth, they do have to watch how it is spent as well. Her niece/nephew and her first cousins appear to be moderately wealthy. Over the years they've sold off some of their jewelry and homes for a variety of reasons ie: children's school fees.
Reply With Quote
  #1030  
Old 12-03-2016, 08:12 PM
cepe's Avatar
Heir Apparent
 
Join Date: Mar 2012
Location: London, United Kingdom
Posts: 5,891
Quote:
Originally Posted by royal-blue View Post
I would fund the working royals generously, perhaps £100k each. At the end of the day they are still ordinary people, working for a living. They also have their private wealth so it's not as of they are living on minimum wage like millions of other Brits.
They dont receive a salary - dont get paid for their work. The money they receive is for staffing their office, telephones, postage, some travel etc.

So it doesnt pay fro royals, it pays for secretaries, admin, etc. Not just their salary but NI and pension.

You really do need to do some research. The information is all out there.
__________________

This precious stone set in the silver sea,......
This blessed plot, this earth, this realm, this England,
Reply With Quote
  #1031  
Old 12-03-2016, 09:10 PM
Nobility
 
Join Date: Jan 2012
Location: Balmoral, United Kingdom
Posts: 405
Quote:
Originally Posted by cepe View Post
They dont receive a salary - dont get paid for their work. The money they receive is for staffing their office, telephones, postage, some travel etc.

So it doesnt pay fro royals, it pays for secretaries, admin, etc.
Not just their salary but NI and pension.

You really do need to do some research. The information is all out there.
I clearly mentioned in post 1017 on this very thread that royals are not salaried:

Quote:
Originally Posted by royal-blue View Post
I think the existing funding situation for the BRF is still far too generous. It seems highly archaic for the monarch and eldest son to receive so much money from the two Royal Duchies. These funds could be better spent elsewhere. Also there seems to be very little accountability with how the Sovereign Support Grant is spent. Obviously maintenance, staff and entertainment will cost money, but royal travel in particular seems out of control. It would also be more transparent to pay a salary to each working royal, unlike the old civil list payments which had to pay for staff and offices too.
It is just my opinion that we should have a smaller working royal family who are adequately paid. The current sums (SSG and both duchies) paid out are vast but not well spent, for example the extraordinary sums spent on some first class flights, while Buckingham Palace is crumbling.
Reply With Quote
  #1032  
Old 12-03-2016, 10:10 PM
cepe's Avatar
Heir Apparent
 
Join Date: Mar 2012
Location: London, United Kingdom
Posts: 5,891
Quote:
Originally Posted by royal-blue View Post
I clearly mentioned in post 1017 on this very thread that royals are not salaried:



It is just my opinion that we should have a smaller working royal family who are adequately paid. The current sums (SSG and both duchies) paid out are vast but not well spent, for example the extraordinary sums spent on some first class flights, while Buckingham Palace is crumbling.
The main issue with historical payments to the Crown is that the finances were allocated to specifics - that means that if you underspent (say) on travel you couldnt use the surplus on (say) building works. I know this seems mad, but thats how public sector funding works. I know this because I have worked for both local and national government. And I also know from experience politicans are rubbish at allocating money for building maintenance.

During PM Browns time, before funding was altered, BP requested additional funding for BP (£3m). He refused. For nearly 20 yrs across v governments, there was no increase in royal funding in real terms. This covers a time when inflation was going thru the roof.

So dont go blaming either HMQ or her team when it is obvious when you do the research that Government didnt care. IN the same way they havent bothered about The Palace of Westminster. The cost of repairing that is going to be billions.

As for the funds going to Duke of Cornwall. Thats been happening for over 500 years. I dont think giving £9 million to charitable causes which happened last year is a waste of money.

EDIT. The money from D of Cornwall cannot be used to fix BP.
__________________

This precious stone set in the silver sea,......
This blessed plot, this earth, this realm, this England,
Reply With Quote
  #1033  
Old 12-04-2016, 12:01 AM
Osipi's Avatar
Majesty
 
Join Date: Jul 2008
Location: On the west side of North up from Back, United States
Posts: 8,950
Quote:
Originally Posted by royal-blue View Post
I clearly mentioned in post 1017 on this very thread that royals are not salaried:



It is just my opinion that we should have a smaller working royal family who are adequately paid. The current sums (SSG and both duchies) paid out are vast but not well spent, for example the extraordinary sums spent on some first class flights, while Buckingham Palace is crumbling.
One thing that needs to be realized too is that with both the Sovereign Grant and the Duchy of Cornwall, what either the Queen or Charles receives annually is determined by the amount of interest the Duchy or the Crown Estates have garnered. For the Queen, it is 15% of the interest paid two years in arrears. The Crown Estates are audited every 5 years to determine the amount.

I did find a good article written last June regarding how the Duke of Cornwall has spent his Duchy payment. 61% of it was spent for official duties and his charities.

Prince Charles's Duchy of Cornwall estate is making him big money | Royal | News | Daily Express

BTW: I think if you check into it, you'll find out that Buckingham Palace is geared for some very major renovations.
__________________
“In my walks, every man I meet is my superior in some way, and in that I learn from him.”
~~~Ralph Waldo Emerson~~~
Reply With Quote
  #1034  
Old 12-04-2016, 06:46 AM
Iluvbertie's Avatar
Imperial Majesty
 
Join Date: Jun 2004
Location: Bathurst, Australia
Posts: 10,974
The Duchy of Cornwall is not tied to the Crown Estates. It is the income from the holdings of the Duchy - just as the Duchy of Lancaster isn't tied to the Crown Estates as it too is the income from its holdings such as rent for properties owned by the respective duchies.

The monarchy as basically four sources of income:

1. Sovereign Grant - to cover the official costs of the senior royals other than the Wales branch of the family.

2. The Duchy of Lancaster - the private income of the monarch that also is used to cover the official costs of the minor royals and some of their personal expenses along with the Queen's own personal expenses

3. The Duchy of Cornwall - the private income of the Duke of Cornwall who has to be both the heir apparent and the eldest son of the monarch and it covers the official and private expenses of Charles, Camilla, William, Kate, George, Charlotte and Harry and in time will also have to cover Harry's wife's expenses as well as any children (until Charles is King in which case they will be covered by the Duchy of Lancaster)

4. Private income from privately owned property such as Sandringham and Balmoral and other investments made in the past such as shares.

Only the Sovereign Grant is tied to 15% of the Crown Estates.
Reply With Quote
  #1035  
Old 01-05-2017, 05:33 AM
eya eya is offline
Majesty
 
Join Date: Apr 2015
Location: -, Greece
Posts: 8,453
British Royal Family Net Worth: Queen Elizabeth Would Pass Down Billions To Prince Charles
Reply With Quote
  #1036  
Old 01-05-2017, 05:50 AM
ROYAL NORWAY's Avatar
Heir Presumptive
 
Join Date: Jul 2013
Location: somewhere, United Kingdom, Norway
Posts: 2,865
A stupid american article with numerous errors.
__________________
The Queen is the most wonderful, forgiving, non judgmental person I know. Sarah Ferguson speaking in 2011.
Reply With Quote
  #1037  
Old 01-05-2017, 06:01 AM
Osipi's Avatar
Majesty
 
Join Date: Jul 2008
Location: On the west side of North up from Back, United States
Posts: 8,950
Quote:
Originally Posted by ROYAL NORWAY View Post
A stupid american article with numerous errors.
Definitely an article that could stand some serious fact checking. According to this article, it includes the Crown Estates in the Queen's personal wealth and if they had bothered to check, they would have found that the Crown Estate belongs to the reigning monarch 'in right of The Crown', that is, it is owned by the monarch for the duration of their reign, by virtue of their accession to the throne. But it is not the private property of the monarch - it cannot be sold by the monarch, nor do revenues from it belong to the monarch.

The Crown (monarch) does have a vast wealth of jewels, art, palaces and other holdings that add up to quite a valuable portfolio but it is never the personal possession of the monarch herself/himself.
__________________
“In my walks, every man I meet is my superior in some way, and in that I learn from him.”
~~~Ralph Waldo Emerson~~~
Reply With Quote
  #1038  
Old 01-05-2017, 06:22 AM
ROYAL NORWAY's Avatar
Heir Presumptive
 
Join Date: Jul 2013
Location: somewhere, United Kingdom, Norway
Posts: 2,865
Some of the american articles about the royal family (especially those about royal finances and succession) are so ridiculous that I find them interesting to read.
__________________
The Queen is the most wonderful, forgiving, non judgmental person I know. Sarah Ferguson speaking in 2011.
Reply With Quote
  #1039  
Old 01-05-2017, 06:39 AM
wbenson's Avatar
Moderator Emeritus
 
Join Date: Aug 2006
Location: -, United States
Posts: 2,353
My favorite are the articles about HM's Manhattan property empire, which get recycled every time the Canadian consulate or UN embassy sells an apartment.
Reply With Quote
  #1040  
Old 05-30-2017, 02:06 AM
Marengo's Avatar
Administrator
Royal Blogger, TRF Author
 
Join Date: Aug 2004
Location: Amsterdam, Netherlands
Posts: 18,445
The queen and other large landowners will lose her EU farming subsidies after Brexit:

Post Brexit, Queen must make do without farm subsidies – POLITICO

Quote:
Britain’s Farm Minister George Eustice wants to slash lavish payments to large landowners after Brexit in a sharp departure from the way EU policy works now.
__________________

__________________
TRF Rules and FAQ
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
Royals & Nobles and Wealth, Costs and Finances kcc Royal Life and Lifestyle 413 04-17-2017 05:46 PM
Costs and Finances of the Belgian Royal Family Marengo Royal Family of Belgium 84 09-18-2016 03:24 AM
Wealth and Finances of the Spanish Royal Family hrhcp Royal Family of Spain 122 04-20-2016 03:34 AM
Wealth of The German Royal/Princely Houses kcc Royal Families of Austria and Germany 12 12-30-2007 03:35 AM




Popular Tags
albania best outfit birthday carl gustaf chris o'neill crown princess mary crown princess mary fashion crown princess victoria current events denmark fashion poll general news hereditary grand duchess stéphanie hereditary grand duke guillaume infanta cristina infanta leonor infanta sofia iñaki urdangarín king felipe king felipe vi king philippe letizia monarchy news november 2016 october 2016 picture of the week prince alexander prince carl philip prince charles prince daniel prince felix prince gabriel prince nicholas prince oscar princess claire of luxembourg princess estelle princess leonore princess madeleine princess mary princess mary fashion princess of asturias princess sofia princess victoria queen elizabeth ii queen letizia queen letizia casual outfits queen letizia daytime fashion queen letizia fashion queen mathilde queen mathilde daytime fashion queen mathilde fashion queen maxima queen maxima casual wear queen maxima daytime fashion queen maxima fashion queen maxima hats queen maxima style queen rania queen silvia state visit stephanie succession sweden swedish royal family the duchess of cambridge casual wear the duchess of cambridge daytime fashion the duchess of cambridge fashion the duchess of cambridge hats victoria


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

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- Social Knowledge, LLC All Rights Reserved.

All times are GMT -4. The time now is 04:38 AM.

Social Knowledge Networks

eXTReMe Tracker
Powered by vBulletin
Copyright ©2000 - 2017
Jelsoft Enterprises