The Queen stands to gain millions of pounds a year in extra funding, even as the rest of the country suffers from swingeing Government cuts, it emerged yesterday.
The Royal Household’s budget is set to rocket under an overhaul that will see the sovereign share in the profits from the immensely lucrative Crown Estate for the first time in 250 years.
The royals are expected to benefit annually from a 15 per cent slice of the £6.6billion property portfolio’s profits when the new ‘sovereign support grant’ is introduced, Treasury sources revealed last night.
The Queen and Prince Philip at Ascot Racecourse, part of the Crown Estate
The revelations contrast with the 14 per cent cut in the Queen’s budget announced by Chancellor George Osborne during Wednesday’s spending review.
Courtiers spoke of how the Royal Family would be tightening its belt in line with the rest of the country, as it was revealed the £30million annual Government grant is to be frozen at that level until 2012 with only a £1million one-off supplementary payment to cover the extra costs of the Diamond Jubilee in 2012.
But in fact the change is thought likely to give a significant boost to the royal coffers once it comes into effect in 2013.
Even during the economic downturn 15 per cent of profits from the portfolio would have yielded more money than the Queen’s current Government funding, and once the economy recovers the revenues should far outstrip it.
Why the fuck are we going to give the Queen around a BILLION POUNDS?
Can anyone tell me, when are we going to get off our fucking big, fat arses, stop watching shite like the X factor and do something about the devious, lying, political class in this country. We are constantly lied to about, 'how we are all in it together', while it is fucking painfully obvious that we're not. Now don't get me wrong. I have nothing against having a Prime Minister who is a millionaire. I certainly would rather have someone 'ruling' the country who had been to private school and University than a fucking postman, even if he's never had a proper job. A millionaire doesn't have to thieve and lie like Blair has, because he already has a few bob and in theory he can get on with running the country, at least to the extent his banking masters let him.
Yes it's time we were out on the streets, like the French. Not to protest about pensions, but to change this so called 'democracy' to one that is designed to serve us, not their masters in some dark room somewhere. Hanging every third MP would be a good start and might concentrate the minds of the rest!