The Queen receives £6 million pay rise
2024-05-27 14:14:14

At 91, the Queen might be well beyond her pension age, but that hasn't stopped her from getting a massive pay rise.

SEE ALSO:Baby survives Grenfell, or not: Facebook’s fake news problem continues apace

A record-breaking performance by the Crown Estate, which owns residential properties, commercial offices, businesses, and land across Britain, means the Queen will get an 8% increase in income from public funds.

The Sovereign Grant, which funds the monarch's household, official travel, and upkeep of palaces, will increase from £76 million ($97 million) in 2017-18 to £82.2 million ($104.9 million) next April.

Not bad, huh? It's a £6 million pay rise.

Mashable Top StoriesStay connected with the hottest stories of the day and the latest entertainment news.Sign up for Mashable's Top Stories newsletterBy signing up you agree to our Terms of Use and Privacy Policy.Thanks for signing up!

Now, before the French revolutionary in you starts ranting about royal privilege and taxpayers' money, it has to be reiterated that the Queen's funding is based on the profits of the Crown Estate, whose profits rose by £24 million to reach a new high of £328.8 million.

Sir Alan Reid, whose title is "Keeper of the Privy Purse," defended the Queen, claiming she represents "excellent value for money."

"When you look at these accounts, the bottom line is the Sovereign Grant last year equated to 65p per person, per annum, in the United Kingdom. That's the price of a first class stamp," he said.

Also, Queen's pay rise will take place as refurbishment is taking place at Buckingham Palace, costing £369 million.

However, people on Twitter weren't happy, to say the least, about the new funding, linking it to the Grenfell Tower fire:


Featured Video For You

(作者:汽车电瓶)