Queen faces ‘real conundrum’ over bills as royals warn ‘rough waters lie ahead’ | Royal | New
The royals are likely to face more financial woes even after braving the “worst of the storm”, commentators say. The warning comes after the monarchy released its published annual accounts for the annual sovereign grants report. Royal financial expert David McClure noted to Mail Plus’ Palace Confidential that future problems still remained for the Queen.
He told viewers: “Now the palace has probably weathered the worst of the storm, but rough waters still await us.”
Mail Plus presenter Jess King asked: “Of course the Palace, like many businesses, has been hit hard by Covid.
“The Queen pledged last September not to accept any state aid.
“Do you think she can keep that promise?”
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Historian Tessa Dunlop replied, “I think she’s going to have to try.
“It’s a real conundrum because, of course, what’s hers and her family are also ours.
“These are our Palaces, they belong to the nation.
“Of course, we are his subjects to each other.”
The Sovereign Grant is the bundle of money that goes to pay for the official work of the monarch and his family, as well as the upkeep of their properties.
The grant money comes from a portion of the profits made by the State Crown, which is a huge portfolio of lands and properties that are donated by the Monarch.
Dr Dunlop warned: “Of course they haven’t had the numbers through the doors so they won’t have the sales.
“But she could always recover that by giving us better access to her main assets, which are the Palaces at the moment.
“There is such a narrow window when you can visit Buckingham Palace with the conditions of his residence or not.
“Likewise, his more private homes like Balmoral and Sandringham, we’d like to have a little more nosy.”