British monarch money kept in check

The UK queen’s income is under scrutiny after public funding of the monarchy is increased, while other public services are affected by austerity cuts.

Taxpayer funding of the UK’s royal household has risen to nearly 40 million pounds in the current financial year. That has prompted the Treasury to review the income of Queen Elizabeth II.

The Queen receives 15 percent of the profits of the Crown Estate, one of the UK’s largest property owners managed on behalf of the monarch.

The Crown Estate pays all of its profits to the Treasury, which then pays the 15 percent grant to the royal household.

 

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