Palace accounts also show that the Queen dipped into a reserve fund to boost by £6m her Civil List, which pays for the running of the Royal household. It is the largest sum ever drawn from the reserve built up in the 1990s.
The Queen's Civil List, which also covers Royal household staff salaries, cost £13.9m in 2007/8 - this comprised £7.9m from government coffers and £6m from the reserve. If the Queen continues to spend money from the reserve at the rate she is now, it will be used up by the start of her Diamond Jubilee year in 2012."
Today is July 2, 2012, we are in the midst of the Diamond Jubilee and the latest figures showing the cost of the British Royals have been released. The ITN report claimed, "The Queen's official expenditure increased by £200,000 (0.6 per cent) from £32.1 million in 2010/11 to £32.3 million in 2011/12, according to the royal public finances annual report. Civil List funding, much of it used to pay the wages of her Royal Household staff, fell by £100,000 from £13.7 million to £13.6 million.
The Government also provides money, known as grants-in-aid, to cover the areas of royal travel, property services and communications and information. The taxpayer funds used to pay for official air and rail travel at home and abroad for members of the Royal Family increased by £100,000 from £6 million in 2010/11 to £6.1 million in 2011/12. There was also an increase in spending on property services - money used for the upkeep of royal residences and other buildings - from £11.9 million to £12.2 million."
Overall running the Royal household cost less due to a pay freeze, presumably for the ordinary staff who work for the family.
Figures released today do not include the cost of security which will be huge, nor last year's wedding, nor the Jubilee.
Opinion: Our UK report last week on the cost of Prince Charles reported a staggering amount of money. Aswe reported, "The official accounts though show that taxpayer funding of Charles rose from £2m to £2.2m in the last financial year". Now this was in spite of, "His main income, which comes from the duchy of Cornwall – the ancestral estates of princes of Wales – was up by nearly 4% last year to £17,796,000, owing to profits from his bonds portfolio."
The taxpayer funding of these people continues to rise although we the ordinary citizen are experiencing austerity. If you want a slap in the face read the Daily Mail report which gives details of extravaganze. For example, "A few days before flying out to the Middle East, Charles flew by charter to Saudi Arabia at a cost of £67,215, to pay his condolences on behalf of the UK following the death of the Crown Prince."
In 2012 many people in the UK have braved the terrible weather to flag wave, cxheer on the Royals and the like. This blogger was not one of them.
Tags:Cost of UK royals, British Royal family, British Royals, Prince Charles, xpensive UK royals