Tag: Royal Family Income

The soaring cost of the British Royal Family: Deep Dive
Fresh News, Royal Family, UK News

The soaring cost of the British Royal Family: Deep Dive

The cost of being a member of the Royal Family is quite high, but, to the public purse the cost is slightly even higher. With special deals from the U.K government -- the royal family has in place regulations that keep their incomes coming practically forever. Official reports seen by The Daily News show that costs have increased £19.6 million ($25 million), or 44%, on the previous year. Currently before the increases, it was running about £67m a year. For centuries, the royal family has had quite the sweetheart deal with the government for income purposes. Since 1760 (during the reign of King George III) the royal family has agreed to fork over all of their estate income in return for a fixed annual payment (of about 15% of their income). The deal gets renegotiated every so often -- m...
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