Monarchy costs the taxpayer an extra 2%
27 Jun 2008, Barbara Buchanan, AccountancyAge
http://www.accountancyage.com/aa/news/1783492/monarchy-costs-taxpayer-extra
The royals cost the British tax payer £40m this financial year, a 2% increase on the previous year, according to public finance accounts.
The deputy treasurer to the Queen pointed out that in real terms this was a 3.1% drop in costs since 2001.
However, the bill did not include security costs provided by the police and army. The Queen’s travel costs increased by more than 10% to £6.2m compared with £5.6m in 2006-7. Her travels in 2007-08 included a state visit to the US in May and a four-day visit to Uganda in November.
The costs for administration of honours increased by 40% to £700,000 compared with £500,000 in 2006-7.
Further details of the monarch’s accounts can be viewed on the British Monarchy website.
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Visitor comments
British Monarchy
The British taxpayer get good value for the money they give to maintain the Monarchy. £ 40 million sounds a lot, but compare it with other states. France has a similar population, but pay 50% more for their president - and we don't want to start to talk about the USA, where the primaries cost $ 1 billion. With that moeny you could run the british Monarchy for 25 years!
Posted by: Harold , 28 Jun 2008 | 00:00