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25 Sep 2008
The government’s yearly payment to the Queen of £6.5m will fall well short of the increasing Civil List expenditure, estimated to reach £14.4m this year, part of a dispute over royal demands for more public funding to cover the mounting costs of the monarchy.
An investigation of the royal accounts by The Independent and Baker Tilly has found that, by 2011, the Queen will be unable to balance her books as the increasing cost of maintaining the Royal Household will be more than double the £7.9m allocated by Parliament.
However, the Government is refusing to pay more than the £15m it currently pays for the maintenance of the Queen's occupied palaces and is not prepared to raise the £7.9m Civil List which pays for the monarch's public functions.
Palace aides say that without increased funding the Queen will no longer be able to pay for the upkeep of her palaces, which they estimate will require £32m to refurbish and maintain over the next 10 years.
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Briefings
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