Queen handed ?5 million ?pay rise? as Sovereign grant replaces Civil List

[super jumbe]

Funds: The Queen is set to spend the majority on repairs


The Queen has received a ?5 million ?pay rise? after a new system of funding the monarchy has come into force.

Her annual tax-free government grant has been set at ?36.1 million for the 2013/14 financial year - up from the ?31 million funding she received for the previous year under the old system.

The Sovereign Grant, which came into effect this week, replaces the Civil List and grants-in-aid and means the Queen receives 15% of the profits from the Crown Estate two years earlier.

So in 2011/12 the estate made profits of ?240.2 million, meaning the grant figure for 2013/14 was rounded up to ?36.1 million.

Buckingham Palace said yesterday the majority of the grant will be spent on the backlog of property repair works in royal palaces.

But chief executive of anti-monarchy campaign group Republic, Graham Smith, described the extra funding as ?absurd? and ?immoral?.

He added: ?While every other public body is forced to rein in its spending, the royal household is given yet more taxpayers? cash.

http://www.mirror.co.uk/news/uk-news/queen-handed-pay-rise-5-1806123

[gmb45]

as always the rich get richer

[Meat-Head]

Damm Germans

[GastonJ]

Where's her bedroom tax then eh?
Pair of old codgers living in a more than one bedroomed place, having multiple houses. They should be paying a fortune in bedroom tax and council tax.