The Queen is 'set to lose £1 million in farming subsidies' thanks to Brexit

Sandringham Estate in Norfolk projected to lose £700,000 a year, with the Windsor Castle estate losing a further £300,000

Windsor Castle at sunset (Creative Commons)

The Queen could lose a million pounds in lost farming subsidies every year after Brexit is initiated, estimate Buckingham Palace aides.

When EU subsidies finish, Royal aides suggest the Queen's Sandringham Estate in Norfolk will lose £700,000 a year with the Windsor Castle estate a further £300,000.

Prince Charles' estates are expected to lose £100,000 a year with the state-run Crown Estates also projected to lose out post-Brexit.

A source familiar with Royal finances told the Sunday Telelgraph the Palace is not "losing sleep over" the projected loss of revenue.

However, there is reported concern whether the current level of farming subsidies will be continued after the UK triggers Article 50 and leaves the EU.

The subsidies under threat are part of the controversial Common Agricultural Policy (CAP).

Currently, only three per cent of Europe's population are farmers while the CAP makes up 40 per cent of the whole EU budget.

A Buckingham Palace spokesman said: "Subsidies are open to all farmers; and like others with agricultural interests, subsidies are received on The Queen's private estates.

"We would not comment beyond the detail that is already in the public domain as a matter of record."