Crown Estate: at the top of the market? The Queen is selling
tony at cultureshop.org.uk
Mon Jul 25 00:26:21 BST 2016
At the top of the market the Queen is selling...
Crown Estate becomes net seller as portfolio value hits £12bn
28 June 2016 | By
The value of The Crown Estates property empire
has surged 9.7% to £12bn in a year that saw it
significantly outperform the wider market and
sell more than £600m of stock to take advantage of high prices.
The Queen to get 6.5% payrise - but how much will she be paid in total?
28 JUN 2016 BY
Her Majesty is expected to be awarded £45.6m in
April, an increase of £2.8 million up from £42.8 million this year
is in line for a 6.5% payrise and could net a
cool £45.6 million from the taxpayer next year if
the way she is funded stays the same.
Figures released show a total profit of £304.1 million for the Crown Estate.
If the Queen receives her Sovereign Grant
calculated at the customary 15% of that she would
be handed £45.6 million from the Treasury in
April 2017, an increase of £2.8 million up from £42.8 million this year.
However, the formula for the Sovereign Grant is
being reviewed this year by The Prime Minister,
Chancellor of the Exchequer and the Keeper of the
Privy Purse who will potentially change the way
it is calculated to less than 15% of Crown Estate profits.
This could mean her payrise is smaller, but she
will still be in line for a bumper sum as rules
state she cannot get less than any previous year.....
Queen in line for £2.8million pay rise as Crown Estate profits rise
MICKLETHWAITE Tuesday 28 June 2016
The Queen is in line for a pay rise of nearly
£3million from the taxpayer next year.
Her majesty is expected to be awarded £45.6m in
April 2017 if the way the Royal Family is funded stays the same.
That would mark a 6.5 per cent increase on the
£42.8million she was given this year.
Traditionally, the Queens Sovereign Grant is 15
per cent of the total profit of the Crown Estate
for the previous financial year, which was a record £304.1million.
But the Sovereign Grant is being reviewed this
year and could potentially be cut to a rate lower
than the current 15 per cent of Crown Estate profits.
This means the Queen would get a smaller pay
rise. But rules state that she cannot earn less than any previous year.
The Royal Family's travel bill also decreased
from £5.1million the previous year to £4million.
The sum included £94,000 on a charter plane for
Prince Charles and Camillas tour of the Balkans
in March and £74,500 on a charter flight for
Prince Charles and Prince Harry to commemorate
the centenary of the Gallipoli campaign in April last year.
A trip on the royal train by the Prince of Wales
from Ayr in Scotland to Yorkshire last September
also cost taxpayers more than £33,000.
But the largest expense for the royals were
Buckingham Palace repairs, costing £16.3million.
Queen 'could move out of Buckingham Palace to allow £150m renovation'
During a briefing to launch the report on royal
spending, Keeper of the Privy Purse Sir Alan Reid
highlighted the large amount of money spent on upkeep of the royal palaces.
He said: "In 2015-16 spending on property
maintenance amounted to £16.3 million and that's
30% of our total expenditure - that's an increase
of 39% compared with spending on property maintenance last year."
He stressed that despite the investment they are
making, the condition of the estate was
deteriorating at a faster rate than they have been able to respond to.
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