Scotland Won't Give The Royal Family Money

Posted: Jun 24 2015, 10:23am CDT | by , in News | Latest Political News

Scotland won't Give the Royal Family Money
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Queen Elizabeth and the Royal family is set to lose nearly $3.2 million a year, all because the Scottish government refueses to give her any more of their money. Senior Scottish parliament sources said in no uncertain terms to several British newspapers, including the Guardian, that Scotland's parliament, now led by Nicola Sturgeon, is looking to axe handouts from the Crown Estate, north of the border.

The Scottish government decided that the SNP-led Scottish government will bank the money itself. However, an unnamed senior aide told the Guardian that “originally, Alex Salmond did imply that might happen. But the new leadership said no,” in response to the claim that Scotland would still give the Queen money from the Crown Estate.

The government has also not decided on any way to compensate the Queen for the money they have taken, though that isn't out of the question. The Crown Estate is an independent commercial business which manages the Queen's property portfolio, which mainly includes land and properties, who also had no comment.

The Royal household gets most of its funding from other countries, and a slice of the profits from the UK Treasury go directly into their pocketbooks.

Three years ago, the government forged a deal for Buckingham Palace that meant it would be shielded from any cuts to public spending. The deal also agreed that the monarchy would receive "15% of profits of the £9.9 billion ($15.1 billion) Crown Estate, and the amount the Queen would receive would never be less than the amount received in the previous year. This was a much talked about increase in what Queen Elizabeth II received over the past three years. She got £40 million ($61 million) in the 2013-2014 financial year, 29% above the £31 million ($47.2 million) she received in 2012-2013.

There is no word yet on whether other countries will follow suit, which could mean the end of the Royal Family as we know it.

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<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.




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