Posted on 01/28/2014 12:48:23 AM PST by Olog-hai
The Queens household finances were at an historic low with just £1 million left in reserve, MPs said on Monday. Her courtiers were advised to take money-saving tips from the Treasury.
A report by the Commons public accounts committee found that the Queens advisers were failing to control her finances while the royal palaces were crumbling.
MPs said her advisers had overspent to such an extent that her reserve fund had fallen from £35 million in 2001 to just £1 million today.
(Excerpt) Read more at telegraph.co.uk ...
I belive that the royals signed all of their “royal” assets over to the state in return for an annual stipend. It’s a big stipend.
Just yesterday she was advertising for someone to fill her bath and serve tea. Yes, it’s true. $23,000 a year or less if you lived in.
Could we get Her Royal Highness to use the last million of her family’s dollars to finance two days of Imelda Michelle’s endless taxpayer-funded vacation-time? Sort of as a lend-lease?
Except they'll be marrying younger family members off to rich Chinese heirs and heiresses to save the palace.
Oh I just hate it when that happens..
They are, basically, talking about the Civil List. It was restructured a few years ago to be more closely linked to how much money is garnered from the Crown Estate by the Treasury, and that meant a big jump because the Crown Estate is currently generating money at an impressive rate - but if the profits of the Crown Estate declines, it will reduce accordingly.
Besides that, the Queen receives revenue profits from the Duchy of Lancaster - these are generally used to pay the expenses of the other members of the Royal Family (only the Queen and the Duke of Edinburgh receive civil list payments, and the Prince of Wales (entitled to the revenues of the Duchy of Cornwall) is the only other member of the family to get money from being royal - the Queen has to pay for everybody else and the Duchy of Lancaster revenues have generally been used for this).
I seriously doubt thats her personal worth. Its prolly just the money she gets from the govt to run the monarchy.
Ahh, that explains it then. Thank you!
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