Fri May 13, 2016 6:32AM
The UK has marked Queen Elizabeth's 90th birthday with public appearances to mark Britain’s longest serving monarch. (AFP)
The UK has marked Queen Elizabeth's 90th birthday with public appearances to mark Britain’s longest serving monarch. (AFP)

The UK’s Queen Elizabeth the second is the world's longest serving monarch, and this April marked her birthday, even though it is officially celebrated in June, yet her expenses have slowly but surely increased over the years, in a country facing budget and austerity cuts.

People in the UK seem to think the Queen is OK for Britain. When asked whether they think that the monarchy is good or bad for Britain 68% of them think that it is good for the UK. 

When it comes to whether they think Britain will still have a hereditary monarchy in 100 years, 62% think that it will be here 100 years from now. 

The queen has 3 sources of income: a private income, money from inherited private estates and investment portfolio, the Duchy of Lancaster: that’s a portfolio which includes 18,000 hectares of property. 
The income from it is called the Privy Purse.

This is money used for the up-keep of her property, and funds private and official expenditures. And finally, the sovereign grant: that’s money received from the Treasury that is paid by the taxpayer.

Yet according to a group called the Republik, their research makes the case for a radical overhaul of the royal funding more compelling than ever, since per head royals are the most expensive public officials, costing around £18.5m a year each.

 

Watch the full version of this episode here: