This poster hasn't sorted it though. According to the Crown Estate website:
Then the sovereign grant is an agreed 15% of this revenue, revenue raised for the benefit of the nation.
In addition the sovereign grant is going to have to be increased, by 66% to cover this additional cost.
So...
That's not strictly true though is it?
It [the Crown Estate] is not the private property of the monarch - it cannot be sold by the monarch, nor do revenues from it belong to the monarch.
... surplus revenue from the estate is paid each year to the Treasury for the benefit of the nation's...
It [the Crown Estate] is not the private property of the monarch - it cannot be sold by the monarch, nor do revenues from it belong to the monarch.
... surplus revenue from the estate is paid each year to the Treasury for the benefit of the nation's finances...
I object to money that is meant to be for the benefit of the nation being spent on doing up the building where the Queen lives when there are FAR more pressing things to be spending the money on.
https://www.thecrownestate.co.uk/our-business/faqs/#whoownsthecrownestate
15% of that money, raised for the benefit of the nation, then goes direct to the Queen!
So Queenie gets 40 million a year, from taxes on land and property she doesn't own?
And for the next 10 years it's going entirely on BP and not other things it otherwise would have been spent on?
Sounds like the taxpayer is going to be out of pocket to me!
Presumably some cause is going to be down £369 million then?
It seems this is effectively a tax rebate?
Also according to Wikipedia the Sovereign Grant amounts to ~£40 million per year, so the entire Sovereign Grant is going to be spent on this for the next ten years...