Tagged: Royal Expenses: Counting the Cost of the Monarchy

Monarchy costs taxpayer £334m a year,8 times official figure

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

Key findings

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.

Full story : http://northstar.boards.net/thread/133/monarchy-costs-taxpayer-official-figure

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