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Originally Posted by Warren
From the Crown Estate Website...
THE CROWN ESTATE ANNOUNCES PROFITS OF £184.8 MILLION .. 12 July 2005
The Crown Estate has announced today a 4.5% increase in net revenue surplus to £184.8 million for 2004/05. All of this money is paid to the Treasury for the benefit of UK taxpayers. Capital value rose 10.8% to£5,090 million, the first time it has broken the £5 billion mark.
This is what the Monarch gives up at the start of each reign in return for the Civil List.
When he becomes King Charles should tell the government that he will not sign over the income from the Crown Estates; instead he will fund the whole Royal operation himself. Then no-one could complain about the cost of the Monarchy!
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Yes, I personally never understood why there was always a fuss about the 35 million pounds or so tax payers pay for the monarchy when The Queen is turning over 184 million pounds to the government. Maybe the people dont know that the money from the crown estates is given up by The Queen in exchange for the money She receives from the government. I agree Warren that maybe the money from the crown estates could be used to fund the monarchy and there could still be money left to turn over, or something to that affect. I wonder why that isn't the case right now.