Queen Elizabeth ii yearly budget
Have you ever considered renting a room at St. James Palace? The idea of renting out rooms at St. James Palace is one idea the head of the Royal family has taken a look at since new austerity measures were put into place six weeks ago. The details of the new measures and new funding methods were passed into law by British lawmakers and made available at a second reading today.
In the video from ABC, British reporter Nick Watt remarks that it’s necessary to “share in the pain” and the Queen is about to do just that with a minimum of a two year pay freeze due to the reconfiguration of how the Royal’s are paid for being The Royal’s.
The Queen at one point, from 1991-2002 received £77.3 m. ($120.8m.) annually, but since then there has been a steady decline in Royal revenue to meet the needs of trying to make ends meet for the British government. The year with the lowest remuneration was the past years budget of 2010-2011, with the Royal’s paycheck totaling only £32.1m. ($50.2m.)
The declines and the economic struggles for the British have led to the Queen taking both the cuts and a system now known as the sovereign grant, which is based on earnings from the Crown Estate as The Telegraph reports.
The Crown Estate takes in a rather large chunk of the coastline, estimated to be a bit more than half the coastline in the country, plus Windsor Great Park and Regent Street.