FlintyV, on 30 July 2012 - 19:15, said:
^ She collects money from the taxpayers, I believe.
Queen of England's income frozen until 2015
Queen Elizabeth II faces a freeze on her income through at least 2015 thanks to funding cuts for the royal household resulting from a recently passed law. Her income has already dropped in real terms since 2009 as she has joined the millions of others affected by the economic downturn.
The funding for the royal family has traditionally come from the civil list, a public fund controlled by the British Parliament. However, a law passed six weeks ago will replace the civil list with a single fund, the sovereign grant, in April 2013.
The sovereign grant will be 15 percent of the surplus money generated by the Crown Estate. The Crown Estate is a “diverse property business valued at more than 7 billion,’’ according to its website. It owns properties that include Regent Street and Great Windsor Park as well as “almost all of the seabed around the UK.’’ The Queen’s income will depend on how well the Crown Estate portfolio performs in a given year.
http://today.msnbc.m...l/#.UBbp7KPNkYI







