The Royal Family is hugely popular and celebrated worldwide. In 2011, millions of people in 180 countries watched the royal wedding of Prince William and Kate Middleton and last year, thousands descended to Windsor Castle to get a glimpse of Meghan Markle and Prince Harry as newlyweds. They represent, for better or for worse, the nation’s love affair with the past, but they are also the most expensive non political figureheads in Europe.
In 2018-19, the monarchy cost British taxpayers £67million during – a 41 percent increase on the previous financial year, mainly due to critical renovations at Buckingham Palace.
Direct funding to meet the monarchy’s official expenditure is now through the so-called “Sovereign Grant”, which replaced the 400-year-old Civil List in 2012 and grants-in-aid from Government departments.
The new system meant that Her Majesty no longer had to go cap in hand to the Treasury for a pay rise.
According to a throwback report by the Daily Telegraph, that happened in 1971, when the Queen joined the pay queue and in a request presented to Parliament, she announced that she just cannot manage any longer on the annual £475,000 Civil List grant, which was fixed in 1952.
The Queen asked for a pay rise in 1971 (Image: GETTY)
The Royal Family at Trooping the Colour (Image: GETTY)
The report reads: "It is believed she needed about £300,000 a year to do the same job.
“A major worry is the Palace wages which have soared to about £300,000 a year.