[Diggers350] Queen to receive government ‘bailout’ to top up income after Crown Estate hit by economic slump

[Ian]

He's been running the list for a long time, so I suppose his lack of basic integrity is a lifelong 
thing.

Ian 

On 27 Sep 2020 at 14:21, Alison Banville via Diggers35 wrote:

> 
> Lord, I've unsubscribed multiple times, asked Gosling personally to unsubscribe 
> me when the emails kept coming, to which he responded by telling me to click 
> unsubscribe, and I've informed him I'm still getting these damn emails. He really 
> seems to be lacking the basic integrity needed to run an email list. 
> 
> On Saturday, 26 September 2020, 01:15:15 BST, Tony Gosling <tony at cultureshop.org.uk> 
> wrote:
> 
> 
> Queen to receive government 
> `bailout´ to top up income after 
> Crown Estate hit by economic slump
> https://www.independent.co.uk/news/uk/politics/queen-bailout-coronavirus-sovereign-grant-royal-f
> amily-b572508.html
> 
> `This royal bailout will be tough to stomach for 
> people who love the Queen but have lost their 
> jobs,´ says Tax Justice UK
> Adam Forrest at adamtomforrest 1 day ago 18 comments
> 
> Boris Johnson´s government has confirmed it will top up the Queen´s income following a 
> significant slump in the Crown Estate´s revenue during the coronavirus crisis. 
> 
> The royal family takes in rental receipts from shops in London´s Regent Street, alongside malls 
> and retail parks around the country - but the value of its portfolio has fallen by more than £500m 
> since the pandemic hit.
> 
> The Treasury said it would provide the estate with extra money to meet any shortfall in profits and 
> make sure the Queen´s sovereign grant remains at its current level.
> 
> "In the event of a reduction in the Crown Estate´s profits, the sovereign grant is set at the same 
> level as the previous year," a spokesperson said told The Independent.
> 
> "The revenue from the Crown Estate helps pay for our vital public services - over the last 10 
> years it has returned a total of £2.8bn to the Exchequer. The sovereign grant funds the official 
> business of the monarchy, and does not provide a private income to any member of the royal 
> family."
> 
> More details on the next sovereign grant are expected to be set out on Friday - but legislation 
> governing the formula prevents the overall amount given to the Queen from ever being allowed to 
> fall.
> 
> Graham Smith, of the anti-monarchy campaign group Republic, described it as a "golden ratchet", 
> adding: "Once the grant goes up it can never come down, and the taxpayer loses out."
> 
> Robert Palmer, the head of Tax Justice UK, added: "This royal bailout will be tough to stomach for 
> people who love the Queen but have lost their jobs and businesses during the pandemic."
> 
> Any profits made by the Crown Estate are passed to the Treasury which, in turn, hands 25 per 
> cent of the profits back to the Queen through the sovereign grant. 
> 
> However, the Crown Estate announced last week a fall in the value of its rental portfolio by £55m 
> to £13.4bn - a drop of 1.2 per cent. 
> 
> An agreement with the Treasury means the estate has begun making "staggered" revenue 
> payments to the government.
> 
> Dan Labbad, the Crown Estate´s chief executive, said: "The current economic and market 
> disruption has led us to take the precaution, with the agreement of the Treasury, of implementing 
> a staged process for the payment of the whole of our net revenue profit."
> 
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> "And I think, in the end, that is the best definition of journalism I have heard; to challenge authority 
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> decided that they will kill and others will die. "
> --Robert Fisk
> 
> 'From South America, where payment must be made with subtlety, 
> the Bormann organization has made a substantial contribution. It has 
> drawn many of the brightest Jewish businessmen into a participatory 
> role in the development of many of its corporations, and many of 
> these Jews share their prosperity most generously with Israel. If their 
> proposals are sound, they are even provided with a specially 
> dispensed venture capital fund. I spoke with one Jewish 
> businessmen in Hartford, Connecticut. He had arrived there quite 
> unknown several years before our conversation, but with Bormann 
> money as his leverage. Today he is more than a millionaire, a quiet 
> leader in the community with a certain share of his profits earmarked 
> as always for his venture capital benefactors. This has taken place in 
> many other instances across America and demonstrates how 
> Bormann´s people operate in the contemporary commercial world, in 
> contrast to the fanciful nonsense with which Nazis are described in 
> so much "literature."
> 
> So much emphasis is placed on select Jewish participation in 
> Bormann companies that when Adolf Eichmann was seized and 
> taken to Tel Aviv to stand trial, it produced a shock wave in the 
> Jewish and German communities of Buenos Aires. Jewish leaders 
> informed the Israeli authorities in no uncertain terms that this must 
> never happen again because a repetition would permanently rupture 
> relations with the Germans of Latin America, as well as with the 
> Bormann organization, and cut off the flow of Jewish money to Israel. 
> It never happened again, and the pursuit of Bormann quieted down 
> at the request of these Jewish leaders. He is residing in an 
> Argentinian safe haven, protected by the most efficient German 
> infrastructure in history as well as by all those whose prosperity 
> depends on his well-being.'
> http ://spitfirelist.com/books/martin-bormann-nazi-in-exile/ 
> 
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