ROYAL NORWAY
Heir Apparent
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- Jul 4, 2013
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It seems unfair that in this day and age, that individuals should be given access to more money in a year than the average person will earn in a lifetime. I realise the royals have to be funded adequately, but when Prince Charles is able to spend £1m a year on gardening a year this is unnecessary luxury. It would be fairer to merge the two royal duchies with the Crown Estates.
It seems unfair that in this day and age, that individuals should be given access to more money in a year than the average person will earn in a lifetime. I realise the royals have to be funded adequately, but when Prince Charles is able to spend £1m a year on gardening a year this is unnecessary luxury. It would be fairer to merge the two royal duchies with the Crown Estates.
The same counts for the British monarchy: the revenues from the Duchies of Lancaster and Cornwall should be added to the costs of the monarchy. After all these incomes go to the Queen and the Prince of Wales, and not to the British taxpayers.
The income from the Duchies of Lancaster and Cornwall are the private income of the monarch and heir. They are not funding from the state. Why should they be added to the cost of the monarchy?
Of course they are not funded from the state. But it would be more straightforward and some would say fairer to fund the monarchy in its entirety (including all the personal expenses of all family members) from the Crown Estates. The revenue from the duchies could be used to fund other worthwhile causes.
The income from the Duchies of Lancaster and Cornwall are the private income of the monarch and heir. They are not funding from the state. Why should they be added to the cost of the monarchy?
[...] but when Prince Charles is able to spend £1m a year on gardening a year this is unnecessary luxury. [...]
B and E should move out of St James Palace, drop their titles and privately fund any security they feel they need. Then no one could say anything about their idle lifestyle.
And from where does Andrew get his funding?
Because the profits of both Duchies are enjoyed by the Royal House and not by the Exchequer on behalf of the British Nation.
And the Queen, King George VI and his predecessors get/got their funds from..?
Look, I'm a monarchist, and I do know all about the Sovereign Grant and before that the Civil List, about the Duchy of Lancaster and (for the Princes of Wales) the funding from the Duchy of Cornwall. Also before that, the arrangements made by King George III to remit his debts.
The Royal Family have to be paid somehow, and of course arrangements have to be in place for that, with which I have no disagreement.
However, I do think that it flies in the face of reason to assert,as some do. that the wealth of the royal family (in monetary terms; I'm not talking about jewellery, art treasures or anything else) doesn't ultimately depend upon the tax paying population of Great Britain, however indirectly it is derived.
I can see no reason at all why the entire BRF (including a salary for the Queen and PoW) shouldn't come from the Sovereign Support Grant. There is no need for the income from the duchies to fund the royals as well. They could be merged with the Crown Estates.Members of other royal families either receive a stipend from the govt or are funded by the monarch.
I guess the monarch always has the option of scrapping the arrangement relating to receiving the Sovereign Grant, and have the income from the Crown Estates revert to the Monarch.
More: EXCLUSIVE: The Queen is cash poor: Her £300million wealth tied up in assets | Royal | News | Daily ExpressAuthor David McClure pored over the royal finances to calculate the Queen’s true worth for Royal Legacy, the first full-length book on the regal balance sheet for 20 years.
He puts the figure at around £300million, less than the £330million attributed to Her Majesty by last year’s Rich List.
Ex-Reuters journalist McClure said: “To be fair, there is an element of guesswork in all lists of the mega-rich since without access to their bank accounts or tax returns valuers can do no more than speculate about the exact size of many hidden assets.
"But I think it is fair to say that the Queen is not as wealthy as is often made out and could be viewed as asset rich and cash poor.”
Why do some people insist on making comparisons between monarchies? They are all different because their government's are different, what they have to pay for themselves and what the state covers is different, the laws regarding work and pay rates are different.
The British royal family do things there way and it seems to work for them.
The other families do things their way because it works for them.