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To: Olog-hai
"He said that repairing the royal palaces was a “significant financial priority”, and that the Royal household had almost doubled its income to £11.6 million since 2007."

Interesting. I'm wondering what those sources of income are? I'd assumed that the royals mostly got their money from the Civil List via Parliament.

4 posted on 01/28/2014 12:54:16 AM PST by DemforBush (A Repo Man is *always* intense.)
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To: DemforBush
Interesting. I'm wondering what those sources of income are? I'd assumed that the royals mostly got their money from the Civil List via Parliament.

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).

27 posted on 01/28/2014 5:10:13 AM PST by naturalman1975 ("America was under attack. Australia was immediately there to help." - John Winston Howard)
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To: DemforBush

I seriously doubt thats her personal worth. Its prolly just the money she gets from the govt to run the monarchy.


28 posted on 01/28/2014 6:37:49 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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