Queen receives £5m pay rise to carry out duties
The Queen has received a £5m pay rise from the taxpayer to carry out her official duties.
The Sovereign Grant, which from now replaces the Civil List and other grants, has been set at £36.1m for the 2013-14 financial year. It covers the running costs of the Queen's Household, maintenance of the royal palaces in England and the cost of royal travel for official engagements in the UK and overseas tours, but not security or police protection.
The figure has increased from the £31m allocated during the previous 12 months, which included £1m towards the extra costs of the Diamond Jubilee.
Under the new arrangement, the Queen receives a grant equal to 15 per cent of the profits from the Crown Estate, calculated two years in arrears. The Crown Estate's 2011-12 accounts revealed profits of £240.2m, hence the £36.1m figure rounded up by the Royal Trustees.
Royal accounts released last year showed the cost to the taxpayer of supporting the monarchy rose marginally during 20 11-12.
The Queen's official expenditure increased from £32.1m in 2010-11 to £32.3m in 2011-12.
- 1 Double chins could be 'cured' without surgery or dieting using new injection
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 4 Christian blogger says she will not wear leggings in public because they entice men and cause them to look at her 'lustfully'
- 5 Thank heavens for Louise Mensch and her foul-mouthed tweets to world leaders
Scientists discover way to unboil an egg – and the results are not as pointless as that sounds
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
£25000 - £40000 per annum: Recruitment Genius: This web-based lead generation ...
£125 - £150 per day + Negotiable: Tradewind Recruitment: A 'wonderful primary ...
£90 - £140 per day: Tradewind Recruitment: Our client is an 11-16 mixed commun...
£32000 - £36000 per annum: Recruitment Genius: A rapidly developing company in...