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Cost of Royal Family rises £1.5m | Cost of Royal Family rises £1.5m |
(10 minutes later) | |
The Queen and the Royal Family cost every taxpayer 69p last year - an increase of 3p on the previous year, Buckingham Palace accounts show. | The Queen and the Royal Family cost every taxpayer 69p last year - an increase of 3p on the previous year, Buckingham Palace accounts show. |
The total cost to the taxpayer of keeping the monarchy increased by £1.5m to £41.5m in the 2008/9 financial year. | The total cost to the taxpayer of keeping the monarchy increased by £1.5m to £41.5m in the 2008/9 financial year. |
Palace accounts also show that the Queen dipped into a reserve fund to boost by £6m her Civil List, which pays for the running of the Royal household. | Palace accounts also show that the Queen dipped into a reserve fund to boost by £6m her Civil List, which pays for the running of the Royal household. |
It is the largest sum ever drawn from the reserve built up in the 1990s. | It is the largest sum ever drawn from the reserve built up in the 1990s. |
ROYAL PUBLIC FINANCESFinancial summary, year to 31 March 20092009 (£m) 2008 (£m) The Queen's civil list 13.9 12.7 Parliamentary annuities 0.4 0.4 Grants-in-aid 22.6 22.0 Expenditure met by gov depts 4.6 4.9 Total 41.5 40.0 | |
The Queen's Civil List, which also covers Royal household staff salaries, cost £13.9m in 2007/8 - this comprised £7.9m from government coffers and £6m from the reserve. | The Queen's Civil List, which also covers Royal household staff salaries, cost £13.9m in 2007/8 - this comprised £7.9m from government coffers and £6m from the reserve. |
If the Queen continues to spend money from the reserve at the rate she is now, it will be used up by the start of her Diamond Jubilee year in 2012. | If the Queen continues to spend money from the reserve at the rate she is now, it will be used up by the start of her Diamond Jubilee year in 2012. |
BBC royal correspondent Nicholas Witchell said nearly £10m went on staff salaries. | BBC royal correspondent Nicholas Witchell said nearly £10m went on staff salaries. |
He added that the recession had raised questions over how much the Royal Family would be able to ask for in funding from the government. | He added that the recession had raised questions over how much the Royal Family would be able to ask for in funding from the government. |