A new report out this week has estimated the total annual cost of the monarchy at £333.9m, eight times the official figure.
The report, Royal Expenses: Counting the Cost of the Monarchy, shows that each ‘working royal‘ costs the taxpayer an average of £18.5m, making them the most expensive public officials in the country.
The report also challenges the claim that the monarchy brings in any revenue from tourism or the Crown Estate.
Campaign group Republic, which is publishing the report, has called for a radical overhaul of royal funding.
The report will be published on the morning of Tuesday June 23, ahead of the publication of the official royal accounts.
The report can be previewed at www.republic.org.uk/royalexpensesreport
The estimated total annual cost of the monarchy is £334m, around a third of a billion pounds.
This means each ‘working royal’ costs the taxpayer around £18.5m a year on average.
The total annual cost of the monarchy is more than NHS England spent on the Cancer Drugs Fund last year.
For £334m the government could employ 15,000 new nurses14,000 new police officersor 15,000 new teachers.
Current funding arrangements are unsustainable and must be radically reformed.
Campaigners have called on the Queen to permanently vacate Buckingham palace after reports that the royals may move out temporarily to allow for repairs.
Campaign group Republic has today said that if the royals can’t look after the buildings and raise their own revenue to fund maintenance it’s time to give them up.
Republic’s CEO Graham Smith said:
“Buckingham palace is national property treated like a private home occupied by a rogue tenant. Years of failure on the part of the royals have left the buildings in desperate need of repair.”
“MPs and campaigners have long called on the palace to be opened up to tourists all year round, to pay for costs of maintenance. The royals have refused. So it’s time they moved out and the palace turned into a world-class museum and art gallery.”