Posts Tagged ‘Royal Finances’

Royal Finances: Queen’s income rises; William, Kate & Harry’s costs increase

The royal finances for the fiscal year 2015-16 have been released. The short version: The Queen‘s income and expenses were up; Prince Charles‘ expenses were down; Prince William, Kate Middleton, and Prince Harry‘s expenses were up; it now costs “62p per person in the UK” to fund the royals.

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Royal Finances report released: William and Kate asked for two kitchens, spent £6 million so Will could go take a flying job near Anmer

Two Kitchens Kate!  That’s Kate’s new nickname (thanks Daily Mail 😉 ; they come up with the best nicknames for Kate—they came up with “Waity Katie” after all).  The royal finances report was released.  Go here to view the report on the royal website.  For a great explanation of the finances, go here to read Victoria Murphy’s Mirror article.  In short, the monarchy spent £35.7 million last year (fiscal year being April 2013-April 2014)—that’s 56p per each citizen if you’re wondering.  But I don’t think that includes the cost of security (which, if added in, would be astronomical).  You can read about Prince Charles’ tax break here, and about his expensive chartered plane here.  Let’s move on to Will and Kate, since at least the Queen and Charles work for their expenses.  William and Kate’s Kensington Palace apartment cost a total of £3.4 million last year (adding in the £1.1 million from the previous year and the total cost of their apartment is £4.5 million).  I guess the big thing coming out of this is that Will and Kate added a second kitchen; a “private, family kitchen”, because Kate can’t cook in the official kitchen?  Of course, that’s just what the taxpayer paid.  Charles reportedly threw in £1.5 million to furnish the apartment—which includes carpets and drapes and that type of stuff.  And an oven that costs a whopping £18,000.  And £500 for a food processor.  The f-ck?

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Kate’s palace costs the public £4 million (up £3 million from last year)

The Daily Mail has published an article that is sure to rile up some people. The Palace’s expense reports come out next Wednesday, I think, but the Mail got a preview of the total cost of the renovations to Apartment 1A, otherwise known as Prince William and Kate Middleton’s 22-plus room Kensington Palace home. In the 2012-2013 report, the total cost of the renovations was £1 million. One year later the total cost has skyrocketed to a whopping £4 million ($6.8 million by today’s exchange rates). The original £1 million was to fix the interior, because of asbestos, and the roof. So the extra £3 million went to… building a new bedroom for Will and Kate, and a new nursery for George… because the 22-plus room apartment didn’t have a master bedroom or a nursery before? I’m having a hard time understanding why the powers that be are willing to shill out £4 million on one apartment for Will and Kate when they aren’t willing to pay for repairs to Buckingham freaking Palace.

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The Queen has “just £1 million left” and the palaces are “crumbling”… so they throw a Kate appearance announcement at us

The Queen’s finances have come under scrutiny.  She has “just £1 million left in reserve” while the palaces are in dire need of repair.  I’m not sure how best to cover this, so I’m going to post the entire articles from the Telegraph below (sorry in advance for the longness of the post).  They give an overview of the situation, but here is the official report if you’d like to read it.

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