Cost of monarchy report published: £300m lost to taxpayer last year

UNEMPLOYED IN TYNE & WEAR

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…

View original post 313 more words

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: