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A briefing on the Finances of the Monarchy, including the Sovereign Grant, Duchies of Lancaster and Cornwall and tax arrangements for members of the Royal Family.
A briefing on the Finances of the Monarchy, including the Sovereign Grant, Duchies of Lancaster and Cornwall and tax arrangements for members of the Royal Family.
To ask His Majesty's Government what assessment they have made of the merit of replacing the Sovereign Grant by a Royal Duties Grant similar to the former Civil List which would be considered and approved by Parliament annually.
To ask His Majesty's Government what assessment they have made of the merit of replacing the Sovereign Grant by a Royal Duties Grant similar to the former Civil List which would be considered and approved by Parliament annually.
The rules governing the Sovereign Grant are set out in the Sovereign Grant Act 2011. This Act requires a review following every five-year period to ensure the percentage of Crown Estate profits used in the calculation of the Grant remains appropriate.
The most recent Sovereign Grant Review was published on 26 June this year. The Royal Trustees concluded that a reference rate of 20.5 per cent is appropriate for the funding formula from 2027-28 onwards, which equates to a 2027-28 Grant amount of £99.9 million, a reduction against the £137.9 million in 2026-27.
The Government is committed to bringing forward legislation to enable the Grant to be reset to that lower level from 2027-28 and will bring forward the Sovereign Grant Bill when parliamentary time allows. This Bill will also introduce a mechanism so that in future years, the Grant can be reduced from one year to the next, preventing inappropriately high funding without the need for further primary legislation. This legislation will enable further parliamentary debate to occur.
This briefing provides information about the Royal finances. It includes figures for the official income and expenditure of the Queen and the Prince of Wales. Statistics are published in full in the supplementary tables at the bottom of the page.
This briefing provides information about the Royal finances. It includes figures for the official income and expenditure of the Queen and the Prince of Wales. Statistics are published in full in the supplementary tables at the bottom of the page.
To ask the Chancellor of the Exchequer (1) what the total annual cost is of civil list pensions;
[158859]
To ask the Chancellor of the Exchequer (1) what the total annual cost is of civil list pensions;
[158859]
Civil list pensions are personal awards given by Her Majesty the Queen. Under the Data Protection Act the Treasury is not able to disclose details of individuals in receipt of a pension.
The annual cost of civil list pensions paid to 53 people in 2012-13 was £126,293. The average pension is £2,383.
(2) if he will list all those individuals in receipt of a civil list pension; on what date each such pension was awarded; and what the amount is of each pension.
[158860]
Mr Whittingdale:
(2) if he will list all those individuals in receipt of a civil list pension; on what date each such pension was awarded; and what the amount is of each pension.
[158860]
Mr Whittingdale:
Civil list pensions are personal awards given by Her Majesty the Queen. Under the Data Protection Act the Treasury is not able to disclose details of individuals in receipt of a pension.
The annual cost of civil list pensions paid to 53 people in 2012-13 was £126,293. The average pension is £2,383.