When queens grow old, a blind eye is turned to their personal finances. Such was the case with the Queen Mother, whose extravagant expenditure on racing and entertaining in her 90s was indulged with barely a murmur. Similarly no one seems the least perturbed about how our nonagenarian Queen is spending the extra millions that have recently swelled her privy purse. Without fanfare it was disclosed on Tuesday that Her Majesty had hit the jackpot, receiving a record £19.2m from the Duchy of Lancaster in 2016-17, up 7.9% on last year’s profits. Revenue from the duchy – the ancestral estate that has for the last eight centuries provided a private income to the monarch – has trebled since the millennium. If the Queen could get by on £5.8m in 2000, why does she need almost £20m today? The mushrooming income of Queen Victoria in her dotage famously stirred critics to cry: “What does she do with it?” – and the same question might be asked today of her great-great-granddaughter. To be fair, the Queen’s outgoings are high, what with the maintenance fees of running the vast country estates of Balmoral and Sandringham and paying for a string of pedigree racehorses…. Read full this story
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The Queen has hit the jackpot again. But why does she need so much money? have 356 words, post on www.theguardian.com at July 19, 2017. This is cached page on CHUTEU. If you want remove this page, please contact us.