The Queen is to receive an 8% increase in income from public funds, after the Crown Estate’s profits rose by £24m.
The Sovereign Grant, which pays for the salaries of her household, official travel and upkeep of palaces, is to increase by more than £6m in 2018/19.
It comes as accounts revealed the Queen’s official net expenditure last year increased by £2m, to almost £42m.
Sir Alan Reid, Keeper of the Privy Purse, said the Queen represented “excellent value for money”.
He said: “When you look at these accounts, the bottom line is the Sovereign Grant last year equated to 65p per person, per annum, in the United Kingdom.
“That’s the price of a first class stamp.
“Consider that against what the Queen does and represents for this country, I believe it represents excellent value for money.”
The Queen and the Royal Family’s official travel cost the taxpayer £4.5m during 2016/17, up £500,000.
Clarence House has also released its annual accounts, which showed the Prince of Wales’ annual income from his hereditary estate, the Duchy of Cornwall, increased by 1.2% – to £20.7m.
Royal accounts – some key figures
- £82.2m – Amount the Queen is expected to get from the Sovereign Grant in 2018/19
- £4.5m – Cost of the Queen and the Royal Family’s official travel in 2016/17
- £288,697 – Amount spent on the Royal Train travel for 14 trips
- £1.2m – Cost of replacing doors on the orangery at Windsor Castle
- £154,000 – Estimated cost of Prince Charles and Camilla using “Cam Force One” – the official government plane – to visit Italy, Romania and Austria earlier this year
The Sovereign Grant, which is paid two years in arrears, is money given to the Queen by the Treasury.
It is based on the profits of the Crown Estate portfolio, which includes much of London’s West End.
The Crown Estate posted a £24.7m rise in profits, to £328.8m, in 2016/17.
Well, it’s now obvious where Amerikans inherited their intelligence….