The Queen will not face any cuts to royal finances for at least another two years despite an 11 per cent increase in her income, The Telegraph has learnt.
In the two years since the Civil List was replaced by the Sovereign Grant, the Queen’s taxpayer-funded income has shot up from £36.1 million to more than £40 million.
Campaigners have demanded that David Cameron and George Osborne, who set up the current funding formula, should carry out an immediate review so that the Royal family can make their own contribution to the Government’s austerity measures.
But royal sources have insisted the money is needed to continue with a backlog of repairs to the royal palaces, and gave a strong indication that any proposed cuts would be resisted.
[source : Queen's finances are safe from cuts for two years, Daily Telegraph, http://www.telegraph.co.uk/news/uknews/queen-elizabeth-II/11689154/Queens-finances-are-safe-from-cuts-for-two-years.html, 21st June 2015]
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Sunday, June 21, 2015
PHEW! LIZ WILL NOT SUFFER AUSTERITY
Phew! I am so glad about this. I was hoping she'd get to keep all the money we give her to keep her many palaces neat and tidy while more and more children are relying on food banks and charities.
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