Royal Family: Finance
Culture Media and Sport
Dan Jarvis (Barnsley Central, Labour)
To ask the Secretary of State for Culture, Olympics, Media and Sport what the budget was for the royal household in each of the last five years; and what its budget is forecast to be in each of the next five years.
Hugh Robertson (Parliamentary Under-Secretary (Department for Culture, Media and Sport) (Sport and the Olympics); Faversham and Mid Kent, Conservative)
This Department pays grant in aid to the royal household for property services for the occupied royal palaces in England and royal communications and information.
The total amounts of grant in aid allocated to the royal household for these in each of the last five complete financial years and the current financial year are in the following table:
From 2012-13, the Sovereign Grant will replace the civil list (paid direct from the Exchequer), and the voted grants in aid for royal travel and palace maintenance. In 2012-13 the Sovereign Grant will be £31 million. From 2013-14, the Sovereign Grant will be based on a formula related to the revenue of The Crown Estate. As the Chancellor of the Exchequer, my right hon. Friend Mr Osborne, announced in the House of Commons on
“.....a grant equivalent to 15% of the profits made by The Crown Estate in the financial year two years earlier”.
Details about the royal household's expenditure can be found in the royal public finances annual reports,