He'll be expecting a cool £39 million annual increase in 2025.

There’ll be an increase of 45% funding for the royals from 2025, according to details of a royal funding review from the treasury, released on Thursday. The amount of money put into the grant each year is proportional to the amount the royal family’s national property portfolio (‘the crown estate’) makes in profit. This is part of a formula system announced by David Cameron’s government in 2011, which removed the parliament’s control over royal funding.

  • 1rreEnglish
    106·
    1 year ago

    He’s going up from effectively paying 75% tax to 88%… He’s fully entitled to increase his funding by way more than 45% but the government are keeping a larger chunk rather than increase it by a silly amount, I don’t see a problem with that

    • tillimarleen@feddit.deEnglish
      72·
      1 year ago

      Considering it is the monarchy, I wouldn‘t call it a tax. The monarchy receives a lot of money because it owns so much land. Now they even have to slash the funding, so the amount doesn‘t become too ludicrous. Maybe a broader debate is necessary, because people are starving right now.

    • 0x815@feddit.deOPEnglish
      617·
      1 year ago

      New analysis of today’s Spring 2023 budget shows a further £21.6bn (2022/​23 prices) in unannounced cuts to public services by 2027/​28

      [The researchers] also estimated the hit to local economies as a result of below- inflation pay settlements for public sector workers across the country. The research showed the implied offer of 8.7% on average for public sector workers over two years between 2022 and 2024 amounts to a real- terms pay cut of 8%

      Austerity led to twice as many excess UK deaths as previously thought

      Cuts to public services and living standards across Britain from 2010 contributed to 335,000 excess deaths – twice as many as previously thought, according to new research. These austerity measures were introduced by the coalition government elected into office that year, partly in response to the banking crash of 2008.

      Ann Widdecombe: don’t have cheese sandwiches if you can’t afford them

      The former Brexit party MEP said there was no “given right” for low food prices, despite being told families “cannot afford to feed their children” and were having to make huge sacrifices as the cost of living crisis deepens.

      Austerity is pushing thousands of families to the brink in Stoke-on-Trent

      Lead researcher Professor David Etherington, Staffordshire University, said: “We are heading towards a humanitarian crisis. The cost-of-living for many people in Stoke-on-Trent was already high before 2022, due to poorly paid work and cuts to the welfare state, meaning many people struggled to meet their basic needs and pay their bills. What we are seeing is more people falling deeper into debt.”

      I could continue that almost endlessly given the research on austerity in the UK, but I guess you got point.

      • 1rreEnglish
        32·
        1 year ago

        Well it’s helpful that the income that the government gets from the royal family’s estate is increasing by around 400% then I guess, even if it may only help cover a tiny fraction of the real terms cuts?

        • Baggers@feddit.ukEnglish
          11·
          1 year ago

          You are entirely right but it won’t matter to state it here. Despite the current parlous state of the UK economy having nothing to do with the monarchy, plenty are outraged by the institution regardless, even if it is a large net contributor to the economy (yes, despite the rebuttal video linked in similar threads).

          There is a lot of anger towards the royals and Lemmy seems particularly irate.