Updated 2017 edition
Every year the royal household tries to persuade the public that the monarchy is cheap, that it represents ‘value-for-money’. In their annual accounts the royals claim to cost the taxpayer around £40m and their spin doctors divide that sum by every man, woman and child in the country, to come up with a cost of just a few pence per person.
New research suggests the monarchy now costs £345m
This report exposes the reality behind royal expenses, highlighting hundreds of millions of pounds of costs that the official report ignores. With the real figure coming in at around £345m a year the monarchy is shown to be one of the most expensive institutions of its type in Europe. The reality is that each ‘working royal’ costs the taxpayer around £19.1m each, money that could employ thousands of nurses, teachers or police officers.
The monarchy costs Britain dear, whether that’s in lost revenue and tax, bloated travel expenses or costs picked up by local authorities as the royals tour the country. Yet the costs go far beyond the financial, there is also a real political cost and a lost opportunity to choose a Head of State who is both accountable and an inspiration.
Updated throughout - and new sections on:
- Buckingham Palace - why is the taxpayer facing a £369m bill for palace repairs?
- Corruption - how can we say the monarchy isn't corrupt?
- Minor royals, major cost - the case for cutting funding to the minor royals.
Royal Expenses: Counting the Cost of the Monarchy challenges the palace spin head on, and shows clearly that this is not a value-for-money monarchy, but an unaccountable institution that has little concern for the highest standards of public life.