Queen’s pay could hit £45m thanks to Crown Es­tate

The Daily Telegraph - - News - By Gor­don Rayner CHIEF RE­PORTER

THE Queen could be in line for a 6.5 per cent in­crease in her tax­payer-funded in­come to £45.6 mil­lion – amount­ing to a 47 per cent in­crease in the space of just five years.

Ris­ing prof­its for the Crown Es­tate – on which Her Majesty’s in­come is cal­cu­lated – mean that she will re­ceive £42.8 mil­lion in the cur­rent fi­nan­cial year, up from £40.1 mil­lion last year.

That fig­ure could rise yet higher af­ter the Crown Es­tate an­nounced bumper prof­its of £304.1 mil­lion for 2015-16. Under the terms of the Sovereign Grant, which re­placed the Civil List in 2012, the Queen re­ceives the equiv­a­lent of 15 per cent of Crown Es­tate prof­its from two years pre­vi­ously, which would amount to £45.6 mil­lion for the 2017-18 fi­nan­cial year.

How­ever, the fund­ing for­mula will be re­viewed this year by the Prime Min­is­ter, the Chan­cel­lor and the Keeper of the Privy Purse, Sir Alan Reid, mean­ing the 15 per cent fig­ure could be cut. It can­not, how­ever, go below the £42.8 mil­lion be­ing paid to the Queen this year. In 2012-13 the Queen was given £31 mil­lion by the tax­payer, mean­ing her in­come from the pub­lic purse will have gone up by 47 per cent by 2017-18 if the for­mula stays the same.

Buck­ing­ham Palace said the Royal fam­ily now costs 62p per year for ev­ery cit­i­zen of the United King­dom, up from 58p last year. A spokesman also said two thirds of the in­crease in the Queen’s in­come was be­ing spent on re­duc­ing a back­log of re­pairs to royal palaces. The Queen’s to­tal in­come for 2015-16 was £54 mil­lion, com­pris­ing £40.1 mil­lion from the tax­payer and £13.9 mil­lion from prop­erty rental and charges for us­ing royal build­ings and fa­cil­i­ties for func­tions. To­tal spend­ing was £53.7 mil­lion, in­clud­ing £19.5 mil­lion on staff wages, £16.3 mil­lion to main­tain the royal palaces and other build­ings, and £4 mil­lion on travel.

Fig­ures re­leased by Buck­ing­ham Palace showed that the most ex­pen­sive jour­ney by a mem­ber of the Royal fam­ily last year was the Prince of Wales’s visit to the Balkans with the Duchess of Cornwall by char­ter flight in March, which cost £94,409. Sources also dis­closed that the royal train’s days are num­bered. En­gi­neers are look­ing at ways of ex­tend­ing the life of the rolling stock, but said that it could be scrapped in “five to ten years”. The train costs around £600,000 a year to main­tain.

Mean­while, the Prince of Wales’s in­come rose by 3.1 per cent as his aides ad­mit­ted the ef­fects of the Brexit could af­fect his Duchy of Cornwall in­come in fu­ture years.

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