Menu
28/06/2006
Royals cost £37 million per year
The cost of keeping the monarchy in the UK cost the taxpayer £37.4 million last year, the Queen's financial public accounts have revealed.
The cost, which is equivalent to 62p for each individual taxpayer, increased by 4.2% from the previous year.
The rise was partly attributed to the cost of extra security vetting at Buckingham Palace, after a journalist was able to obtain a job as a footman at the palace.
The rise was also attributed to freedom of information inquiries and the cost of a number of long-haul overseas visits by members of the Royal Family.
The Keeper of the Privy Purse, Alex Reid, warned that more money was needed in order to maintain the royal palaces.
The household receives £15 million per year from public funds to run the palaces. However, the figure was set in 1998 and is only reviewed every three years.
Senior officials confirmed that they would be requesting £1 million more, plus inflation.
The mausoleum at Windsor is believed to be the site most in need of restoration, at a cost of £2 million, while other work includes the clearing of asbestos from a two-acre lead roof at Windsor Castle, clearing the quadrangle at Buckingham Palace and replacing the Picture Gallery roof.
Mr Reid insisted that the Royal Family provided good value for money. He said: "Given this is a World Cup year, 62p would buy you a ticket for one minute of England's game against Portugal on Saturday."
(KMcA/SP)
The cost, which is equivalent to 62p for each individual taxpayer, increased by 4.2% from the previous year.
The rise was partly attributed to the cost of extra security vetting at Buckingham Palace, after a journalist was able to obtain a job as a footman at the palace.
The rise was also attributed to freedom of information inquiries and the cost of a number of long-haul overseas visits by members of the Royal Family.
The Keeper of the Privy Purse, Alex Reid, warned that more money was needed in order to maintain the royal palaces.
The household receives £15 million per year from public funds to run the palaces. However, the figure was set in 1998 and is only reviewed every three years.
Senior officials confirmed that they would be requesting £1 million more, plus inflation.
The mausoleum at Windsor is believed to be the site most in need of restoration, at a cost of £2 million, while other work includes the clearing of asbestos from a two-acre lead roof at Windsor Castle, clearing the quadrangle at Buckingham Palace and replacing the Picture Gallery roof.
Mr Reid insisted that the Royal Family provided good value for money. He said: "Given this is a World Cup year, 62p would buy you a ticket for one minute of England's game against Portugal on Saturday."
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
22 June 2005
Royal family cost taxpayers £37m-a-year
The latest figures on expenditure from Buckingham Palace has revealed that the taxpayer contributes £36.7 million to the running of the British monarchy. A decease, in real terms, this is equivalent to around 61 pence-per-person each year, as Buckingham Palace announced the publication of its annual report of Royal finances.
Royal family cost taxpayers £37m-a-year
The latest figures on expenditure from Buckingham Palace has revealed that the taxpayer contributes £36.7 million to the running of the British monarchy. A decease, in real terms, this is equivalent to around 61 pence-per-person each year, as Buckingham Palace announced the publication of its annual report of Royal finances.
20 November 2003
Royals to take legal action over Mirror exposé
The Daily Mirror journalist who exposed a series of security failures at Buckingham Palace is to face legal from the royal household. The royals will take the action claiming that Ryan Parry, as a former employee, was bound by a confidentiality agreement – of which his world exclusive would have been in breach.
Royals to take legal action over Mirror exposé
The Daily Mirror journalist who exposed a series of security failures at Buckingham Palace is to face legal from the royal household. The royals will take the action claiming that Ryan Parry, as a former employee, was bound by a confidentiality agreement – of which his world exclusive would have been in breach.
26 July 2005
BP reports record half-year profits
BP has reported record profits of $10.7 billion (£6 billion) for the first half of 2005. This represents a massive hike in profits for the comparable period for 2004 as the oil giant benefits from a rising demand for oil around the world.
BP reports record half-year profits
BP has reported record profits of $10.7 billion (£6 billion) for the first half of 2005. This represents a massive hike in profits for the comparable period for 2004 as the oil giant benefits from a rising demand for oil around the world.
27 May 2009
BNP Leader 'Will Not Attend Queen's Party'
The leader of the British National Party (BNP) has said he will not be attending a Buckingham Palace garden party. Nick Griffin said he had "no wish to embarrass" the Queen. Greater London Assembly member Richard Barnbrook had intended to bring his party leader along as his guest to the Queen's reception this summer on 21 July.
BNP Leader 'Will Not Attend Queen's Party'
The leader of the British National Party (BNP) has said he will not be attending a Buckingham Palace garden party. Nick Griffin said he had "no wish to embarrass" the Queen. Greater London Assembly member Richard Barnbrook had intended to bring his party leader along as his guest to the Queen's reception this summer on 21 July.
11 January 2008
Royal Tribute To Hillary
The Queen was "very saddened" to learn of adventurer Sir Edmund Hillary's death and was sending a personal message of sympathy to the New Zealander's widow and family, Buckingham Palace said.
Royal Tribute To Hillary
The Queen was "very saddened" to learn of adventurer Sir Edmund Hillary's death and was sending a personal message of sympathy to the New Zealander's widow and family, Buckingham Palace said.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
