How much money does the royal wedding make

What tax bracket am I in? The economic boost from visits and festivities related to royal celebrations should certainly be treated with caution given these can displace economic activity as well as create it. Press will not be allowed inside the reception, so a private wedding photographer and videographer will be tasked with capturing the entire day. Digital Original. Viewed from that perspective, the additional royal-related revenues start to look somewhat trivial. Personal Finance. The Sovereign Grant is used to pay the couple’s official travel and property expenses.

Some of the Queen’s money comes from the Sovereign Grant

And that will be borne by the public purse. Yet the wedding might also attract additional tourists from abroad, whose expenditure will help defray some of those public costs. Some have even claimed that sales of memorabilia will boost the overall economy. Which leaves us with the perennial questions: How much money do we spend on the British monarchy? How much of an asset is it to the economy? This replaced the old Civil List and grants-in-aid from government departments in and is supposed to be reviewed every five years. The Queen, Prince Charles and other members of the Royal Family have private incomes too from their private landed estates and financial assets.

Share your thoughts and debate the big issues

The Queen pays tax to government on her other private incomes. Facebook user, 19 May This follows claims that the wedding would be taxpayer funded—something we looked at in this factcheck. One of these she receives as sovereign and is passed down from sovereign to sovereign the Privy Purse , and the other is income from her personal investments. Historically , the Sovereign was responsible for lots of government expenses and used income from their lands to help pay for this. These holdings are collectively known as the Crown Estate.

Most people make money from their day jobs. British royals are not most people.

The Queen pays tax to government on her other private incomes. How much money does the royal wedding make user, 19 May This follows claims that the wedding would be taxpayer funded—something we looked at in this factcheck.

One of these she receives as sovereign and is passed down from sovereign to sovereign the Privy Purseand the other is income from her personal investments. Historicallythe Sovereign was responsible for lots of government expenses and used income from their lands to help pay for. These holdings are collectively known as the Crown Estate.

The estate includes lots of properties which generate income from things like rent. Over timemore and more income from Crown lands was handed over to government, and as such the Sovereign mucb directly responsible royyal less and less government expense.

The profits of the Crown Estate are public money and all go to the Treasury. Any unspent money goes into wwedding Sovereign Grant Reserve each year. The Queen herself is part of the state—specifically, Head of State. The Queen moneey receives private income from two other sources.

These include rural areas in Lancashire and Yorkshire, but also urban holdings in central London near the Savoy hotel. The other is private investment income from holdings such as from the Royal Stud at Sandringham or Balmoral Castle. The Queen pays tax on teh income and income from the Duchy of Lancaster. This is a gross figure so before the estimated costs have been subtracted. And even once you decide what influences to include, then trying to put a number on the exact contribution the royal family make to those areas is harder.

Any estimate is going to be extremely uncertain. Was this page useful to you? Yes No. Would you dods chipping in to our work in ? Our supporters are the bedrock of Full Fact. They allow us to make plans and to invest in brilliant staff.

They help sustain our independence, so that our high levels of impartiality will always be protected. The thousands of people who stand behind us are a signal that people across the country expect better from our elected politicians and media.

Become a Full Weddding supporter. Home About Weddinv Blog Donate. Facebook Twitter LinkedIn. Home Economy How does the royal family make money?

How does the royal family make money? Published: 24th May Share. Conclusion Incorrect. Update 25 June We have updated this piece with new figures.

We aim for our factchecks to be as accurate and up-to-date as possible. If you think we’ve made an error or missed some relevant information, please email team fullfact. Featured Doew Electionfact checked. Royal flush? How much are taxpayers paying for the Royal wedding? Help us hold our new MPs to account. Get Your Facts Straight Join the mailing list. But can you spare 2 minutes to help us improve ,ake website?

Yes, I want to help Not this time.

That doesn’t mean the government is taking the Queen’s private revenue

Advanced Search Submit entry for keyword results. Log in. Like this story? George’s Chapel — and St. Tom Peck. Dedding greatest cost for the royal couple? Below is how Brand Finance sees the potential boost flowing through key U. Flag comment Cancel.