Campaign group Republic has called on the government to scrap the Sovereign Grant and start again on royal funding.
The call comes after it was revealed the Queen's official funding is set to increase by 6.5% to £45.6m. This is because the grant is pegged to income from the Crown Estate, a publicly owned property portfolio, rather than based on need.
The official grant is a small part of the monarchy's estimated annual cost to taxpayers of £334m.
Graham Smith, CEO of Republic, said today:
"Royal funding is a scandal. The Sovereign Grant is a disgrace. To peg public funding to Crown Estate profits makes no sense and only serves to line the pockets of the royal family."
"The Sovereign Grant has already increased 38% in five years - now it's going up again without any need or justification."
"The monarchy's costs need to be stripped right back, remove all funding to minor royals, put the institution on a proper budgetary footing and allow parliament to approve the budget each year."
"With the country under such immense economic pressure and public spending being squeezed it is disgraceful that the Queen keeps taking more and more of the taxpayers' money."
The call comes after it was revealed the Queen's official funding is set to increase by 6.5% to £45.6m. This is because the grant is pegged to income from the Crown Estate, a publicly owned property portfolio, rather than based on need.
The official grant is a small part of the monarchy's estimated annual cost to taxpayers of £334m.
Graham Smith, CEO of Republic, said today:
"Royal funding is a scandal. The Sovereign Grant is a disgrace. To peg public funding to Crown Estate profits makes no sense and only serves to line the pockets of the royal family."
"The Sovereign Grant has already increased 38% in five years - now it's going up again without any need or justification."
"The monarchy's costs need to be stripped right back, remove all funding to minor royals, put the institution on a proper budgetary footing and allow parliament to approve the budget each year."
"With the country under such immense economic pressure and public spending being squeezed it is disgraceful that the Queen keeps taking more and more of the taxpayers' money."
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