Brexit could pose a “strategic risk” to private finances of Queen Elizabeth II, who receives a multimillion-pound profit from her ancestral estate each year, according to a report.
The annual report of the Duchy of Lancaster, the estate that has provided a private income to the monarch for the last eight centuries, recorded a £20.2 million surplus in fiscal year 2017-18, an increase of 4.9 percent compared to the previous year, The Guardian reported.
The profit is almost three and half times larger than it was in 2000, when it stood at £5.8 million.
“This has been another positive year for the duchy with strong growth in almost all our business sectors,” the report said.
The 60-page report mentioned Britain’s withdrawal from the European Union under the heading “strategic risk.”
“Each year the duchy carries out a five-year business plan as well as preparing rolling forecasts for the year ahead,” read one passage in the…