Share & Connect
Like Us – Let’s Be Friends
Royal expenditure increased from £32.4 million in 2011-12 to £33.3 million in 2012-13, an increase of £900,000. However, the annual report noted that it was actually a decrease of 0.2 percent in real terms.
“In the year of the Queen’s Diamond Jubilee and the London Olympics, the Royal Household has achieved a real terms reduction in expenditure on supporting the Queen’s official duties,” said Sir Alan Reid, the Keeper of the Privy Purse.
“The Royal Household has continued to reduce its expenditure funded by the taxpayer in successive years since 2008/09, achieving a real-terms reduction of 24% over the last five years,” he continued.
The amount spent on royal travel decreased from £5 million to £4.5 million. The most expensive trip was that taken by the Duke and Duchess of Cambridge as part of the Queen’s Diamond Jubilee celebrations. Their travel in Asia and the South Pacific ended up costing £370,000, including the cost of reconnaissance trips by their staff. The Duke of York spent £274,951 on foreign and domestic travel (a decrease of £104,000 from the previous year), and the Princess Royal and five of her staff spent £42,176 for roundtrip tickets to Johannesburg.
The sovereign grant will rise to £36 million for 2013-14. From this point on, the grant will be calculated at 15 percent of the profits from the Crown Estate over the past two years. According to Sir Alan, the increased income from the sovereign grant will be used to pay for much-needed maintenance for the working royal palaces.
Prior to the introduction of the sovereign grant in 2012, the work of the Royal Family was funded by three distinct sources of income: the Civil List (used to fund the Queen’s head-of-state expenses), the grant-in-aid from the Department of Transport (used to fund royal travel), and the grant-in-aid from the Department of Culture, Media, and Sport (used to fund maintenance of royal palaces).
Image Courtesy of lemoncat1