Campaign group Republic has published its fully revised report on royal finances, “Worth Every Penny?”, detailing the hidden costs that include Duchy income, costs met by local councils and the sovereign support grant.
The total comes to £299.4m for 2013/14, around 9 times higher than the official figure due to be published on Wednesday.
The report can be downloaded at www.republic.org.uk/wortheverypenny.pdf.
Included in the hidden costs are Lord Lieutenants which set the taxpayer back more than £2m a year – despite most people having never heard of them.
The report also includes lost profits from the Duchy of Cornwall, an estate that should be sending its revenue to the taxpayer rather than Prince Charles.
Local authorities are estimated to have spent over £21m last year on royal visits.
Republic’s chief executive officer, Graham Smith, said :
“These figures point to a royal household out…
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