Queen $15m short each year
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Buckingham Palace is in money talks with Britain's coalition government, after it was revealed that the Queen is having to top-up her allowance with an emergency account that is about to run out.
For the past year courtiers have been preparing for what they hoped would be a multi-million-pound increase in the civil list, the money that the Queen receives from Parliament to perform her duties.
It is understood that in the past few weeks the Queen's treasurer, Sir Alan Reid, has briefed government officials that her expenditure is running at about £7 million (NZ$15 million) more than the annual allowance. This shortfall is being met by an emergency reserve that is expected to run out in 2012.
The civil list, £7.9 million (NZ$16.8) a year, has been frozen for 20 years.
Courtiers say that, in the long term, the Queen needs an increase in annual funding that at least takes into account inflation over the past 20 years - 80 percent during that time.
The Queen, however, is sensitive to public opinion and ministers fear a public relations disaster if the civil list is increased by such a large amount in the wake of the economic crisis.
The government is expected to make an announcement on the civil list on June 23, the day after the Chancellor of the Exchequer, George Osborne, delivers his emergency budget, in which he is likely to reveal more details of public spending cuts and possibly tax increases.
Some would see a rise in the civil list of more than £6 million (NZ$12.8m)a year as insensitive, especially as it would come so soon after the government announced £6 billion cuts in public spending.
The annual civil list figure is negotiated every decade and the last increase was agreed in 1990. Since then, the Queen has had a revenue freeze. A number of royal palaces are in a state of disrepair and need millions of pounds spent on them.
Meanwhile, the Duchess of York's repeated claims that she has been financially cut adrift by the Queen and the Prince Andrew since her divorce have been contradicted by royal officials.
It has been revealed the duchess and her daughters have received about £3 million (NZ$6.4m) from the royal family in the past 14 years.
- © Fairfax NZ News
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I think all commonwealth countries should contribute to the Queen/crown. The crown is the basis of our economy/society/judiciary and is the adhesive for commonwealth countries over the globe. Fact is we would neither be advanced nor free without the crown influence on the world over the centuries that bring our existence to this point.
Aahh - all you royalists with your noble comments and opinion. Quite upstanding. There are, however, numerous other counties that have successfully run their affairs for many many years without the need for royalty - and associated price tag. One wonders what outcry there would be if "the cap was on the NZ head".
It's always disappointing to be reminded that so many people in New Zealand have such a lack of respect for the monarchy. Even if the Queen and her family did nothing of real use (which is far from the truth) they are an extremely important part of our history: whose empire were we a part of until very recently again? It was only about 23 years ago, most of you should remember.
It's not like the Queen spends all this money on dresses and caviar, it's for the whole family and it's duties, which you'll find include a wide range of civil responsibilities and humanitarian projects.
It doesnt matter who she is at the end of the day if you given a job to do that costs $100 and you only get $50 back you going to be in debt no?
She has done a great deal for the country over the last 50 odd years and as for her money its not really her money is it?
As for the like of Fergie and Prince Edward etc.. Yep they are a waste of skin so cut them off the list and give the rest to the Queen who does a great job.
And John McKay your comment about dress sense? You gotta be kinding??
maybe she should cut a deal like Fergie, and allow access to some journo for a coupla million.... ? ; )
ah folks, considering that the royal palaces are owned by the UK state, and not the UK monarchy (with the exception of her two private residences Balmoral and Sandringham), and that HM only looks after them in trust for the nation, I think upping her allowance to assist with repairs is not unreasonable. And considering they are the closest thing humanity has got to acceptable caged humans, for people to gawk at and criticise, you should all be happy you are getting yet more news fodder to satiate your lower- and middle- class envy and self-righteousness.
@#17 Lynne Wilson, The Queen trained in the Womans Auxiliary Territorial Service as a Mechanic & Military truck driver & rose to Junior Commander..so no skills what so ever? Probably can do more than you will ever achieve
Well, I just don't know how she manages? Personally, I'm struggling to make ends meet on my 10 million dollars a year. Mind you, the ETS will be a huge windfall, seeing as I own 150,000 acres of trees. :-)
If there is ever any articles in Stuff about those on benefits getting more than their "fair share" or getting extra entitlements there are howls of indignation in the comments section.
The biggest Dole Bludger in the Commonwealth asks for a few million more to do what ever she does and we get people lecturing us on remembering all the good she did in the war.
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Wow, a lot of nastiness in the comments here. If you look past the high profile nature of her position, at the end of the day it's her job to be the Queen. With that in mind, why should she be expected to pay out of her own pocket to do her job, just because she has significant personal wealth?
If you won lotto, chose to keep working and your employer just froze your remuneration package because you had plenty of extra cash, then expected you to start personally funding your essential tools for work, how would you feel?