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  #1401  
Unread 05-27-2020, 01:20 PM
Heir Presumptive
 
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Quote:
Originally Posted by Durham View Post
1 This is my understanding as well although I can see how a different interpretation can also be drawn from the wording of the official government guidance on the act.
But as a matter of pragmatism, an interpretation that is at odds with the explicitly stated intentions of the Parliament and Government isn't likely to gain traction.


Quote:
Originally Posted by Durham View Post
2 I suspect that the wording will be changed to "heir apparent" at some point. Granting an heir presumptive 20 million a year for some unknowable period would be unprecedented. Such an individual could amass a very considerable fortune over a decade or more & then be replaced by an (infant) heir apparent.
I don't see a considerable fortune as more of a necessity for an heir apparent than an heir presumptive. In fact, there are higher odds that a Princess Charlotte who is heiress presumptive to a childless King George would be old enough to require funding for full-time royal duties and financially supporting her own children or grandchildren, compared with a child or grandchild of King George who is heir apparent, who would have higher odds of being single or not (yet) a full-time working member of the family.
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  #1402  
Unread 05-27-2020, 01:34 PM
Courtier
 
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Quote:
Originally Posted by Tatiana Maria View Post
But as a matter of pragmatism, an interpretation that is at odds with the explicitly stated intentions of the Parliament and Government isn't likely to gain traction.

I don't see a considerable fortune as more of a necessity for an heir apparent than an heir presumptive.
I do your understand your first point & I don't necessarily disagree that much.

Your second point - I do agree in this sense - an heir apparent doesn't need such a large income either. What is the funding of other heirs?
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  #1403  
Unread 05-27-2020, 01:44 PM
Serene Highness
 
Join Date: Jan 2018
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Not sure if it will go anywhere, but the House of Lords is currently considering a Duchy of Cornwall Bill, in order to:

"Amend the succession to the title of Duke of Cornwall; to remove various powers, exemptions and immunities from the Duchy of Cornwall; to make provisions relating to the Treasury Solicitor and any solicitor or attorney appointed in the affairs of the Duchy; and for connected purposes."

https://services.parliament.uk/Bills/2019-21/duchyofcornwall.html
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  #1404  
Unread 05-27-2020, 01:57 PM
Courtier
 
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Is this a private members bill I wonder? There have been others in the past.
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  #1405  
Unread 05-27-2020, 02:06 PM
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Here we go - from 2108 but it's the same sponsor as this one in 2020 as well I'm sure.

https://www.theyworkforyou.com/lords...-10-26a.1080.1

Wordy but interesting.
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  #1406  
Unread 05-27-2020, 02:26 PM
Serene Highness
 
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Quote:
Originally Posted by Durham View Post
Here we go - from 2108 but it's the same sponsor as this one in 2020 as well I'm sure.

https://www.theyworkforyou.com/lords...-10-26a.1080.1

Wordy but interesting.

In other words this bill probably won't go anywhere?
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  #1407  
Unread 05-27-2020, 02:45 PM
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Quote:
Originally Posted by Gawin View Post
In other words this bill probably won't go anywhere?
Yes I'm sure that's the case. Private members bills are about 90% unsuccessful. That's to do with the parliamentary time they have allotted not the subject of the bill. The vast majority of legislation is government led.

Under a different (non Conservative) government who knows. Don't be misled by its failure though, the questions are unlikely to go away, that's clear when you read the debate. And this is the Lords, far less adversarial than the Commons.
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  #1408  
Unread 06-30-2020, 05:32 PM
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A long, but easy to read, article from the last 24hrs.

"Royal Flush ...The royal family has more than doubled its income ...yet tensions in the family over money remain"

Royal finances expert David McClure, author of the forthcoming book, "The Queen's True Worth", is quoted.

https://members.tortoisemedia.com/20...s/content.html
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  #1409  
Unread 06-30-2020, 05:39 PM
Lumutqueen's Avatar
Imperial Majesty
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Quote:
Originally Posted by Sun Lion View Post
A long, but easy to read, article from the last 24hrs.

"Royal Flush ...The royal family has more than doubled its income ...yet tensions in the family over money remain"

Royal finances expert David McClure, author of the forthcoming book, "The Queen's True Worth", is quoted.

https://members.tortoisemedia.com/20...s/content.html


This is a heavily biased, one sided and factually inaccurate article that really has nothing to do with Royal Wealth and Finances but all about pushing his new book.

It’s a shame this person can pass as an “expert” when most of the posters on this forum know more than he.
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  #1410  
Unread 06-30-2020, 06:03 PM
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Quote:
Originally Posted by Lumutqueen View Post
This is a heavily biased, one sided and factually inaccurate article that really has nothing to do with Royal Wealth and Finances but all about pushing his new book.

It’s a shame this person can pass as an “expert” when most of the posters on this forum know more than he.

Mr McClure’s book is not mentioned in the article as far as I can see Lumutqueen.

He did not write this article.

Two other people wrote this article.

In a couple of places they quoted David McClure.

I pointed out in my post that he has a forthcoming book, “The Queen’s True Worth”, as I created a thread for this book yesterday.

You have mis-directed your criticism of the article by singling out Mr McClure, who did nothing but provide a few quotes to the actual writers of the article.
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  #1411  
Unread 06-30-2020, 06:42 PM
Heir Presumptive
 
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It will be interesting to see what levels the Sovereign Grant goes back to when the BP refurb is paid for. The RF seem to go through periods of either chronic under or over funding IMO.
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  #1412  
Unread Yesterday, 08:34 AM
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Quote:
Originally Posted by tommy100 View Post
It will be interesting to see what levels the Sovereign Grant goes back to when the BP refurb is paid for. The RF seem to go through periods of either chronic under or over funding IMO.
My understanding is that the Sovereign Grant has been settled at 15% of the annual profits from the Crown Estate, with certain "stabilisation" features to prevent major fluctuations from year to year. There is an incremental allocation to fund the one-off refurbishment of BP.
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  #1413  
Unread Yesterday, 09:52 AM
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Quote:
Originally Posted by Lumutqueen View Post
This is a heavily biased, one sided and factually inaccurate article that really has nothing to do with Royal Wealth and Finances
Can you name an instance of a factual inaccuracy in the article?

I have read the article and it is certainly about British royal wealth and finances.
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  #1414  
Unread Yesterday, 11:32 AM
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Quote:
Originally Posted by Sun Lion View Post
You have mis-directed your criticism of the article by singling out Mr McClure, who did nothing but provide a few quotes to the actual writers of the article.

I think you’ll find I have not misdirected any of my own criticism, thank you.

He is quoted in the article as being an expert, I believe as I wrote, there are better people in this forum who are greater experts than he.

As to the no mention of his book, there doesn’t have to be a mention. The fact you yourself made the connection that he has a book coming out and suddenly appears in an article supposedly about royal wealth and finances, is enough to show it’s a targeted attempt to link the two.

Quote:
Originally Posted by Tatiana Maria View Post
Can you name an instance of a factual inaccuracy in the article?



I have read the article and it is certainly about British royal wealth and finances.

I think this point makes my argument quite clear;

“In other words, the Queen is flush with cash.”

We’ll agree to disagree on the contents of the article.
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  #1415  
Unread Yesterday, 12:39 PM
Heir Presumptive
 
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Quote:
Originally Posted by Lumutqueen View Post
I think you’ll find I have not misdirected any of my own criticism, thank you.

He is quoted in the article as being an expert, I believe as I wrote, there are better people in this forum who are greater experts than he.

As to the no mention of his book, there doesn’t have to be a mention. The fact you yourself made the connection that he has a book coming out and suddenly appears in an article supposedly about royal wealth and finances, is enough to show it’s a targeted attempt to link the two.




I think this point makes my argument quite clear;

“In other words, the Queen is flush with cash.”

We’ll agree to disagree on the contents of the article.
Thank you for the clarification, but I cannot agree that "the Queen is flush with cash" is a factual inaccuracy; by any measure she has more cash in reserve than the average British citizen.

Yes, we will have to agree to disagree that citing the sources of the information reported changes the topic of the article from royal wealth and finance.
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  #1416  
Unread Yesterday, 06:45 PM
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[QUOTE=Lumutqueen;2323632]

I don’t understand your thinking on this at all Lumutqueen.
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  #1417  
Unread Yesterday, 06:50 PM
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Quote:
Originally Posted by Tatiana Maria View Post
Thank you for the clarification, but I cannot agree that "the Queen is flush with cash" is a factual inaccuracy; by any measure she has more cash in reserve than the average British citizen.

Yes, we will have to agree to disagree that citing the sources of the information reported changes the topic of the article from royal wealth and finance.
Appreciate your common sense here Tatiana Maria.
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  #1418  
Unread Yesterday, 07:23 PM
Heir Apparent
 
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Quote:
Originally Posted by muriel View Post
My understanding is that the Sovereign Grant has been settled at 15% of the annual profits from the Crown Estate, with certain "stabilisation" features to prevent major fluctuations from year to year. There is an incremental allocation to fund the one-off refurbishment of BP.

Hasn't it been raised recently to 25 % rather than 15 % of the surplus revenue from the Crown Estate?
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  #1419  
Unread Today, 03:42 AM
Lumutqueen's Avatar
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Quote:
Originally Posted by Mbruno View Post
Hasn't it been raised recently to 25 % rather than 15 % of the surplus revenue from the Crown Estate?


Since 2017/18 it’s been 25% yes.
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  #1420  
Unread Today, 04:17 AM
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Quote:
Originally Posted by Mbruno View Post
Hasn't it been raised recently to 25 % rather than 15 % of the surplus revenue from the Crown Estate?
Quote:
Originally Posted by Lumutqueen View Post
Since 2017/18 it’s been 25% yes.
As I understand it, that incremental 10% is the funding for the repairs and renewals works at BP.
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