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Royal Family: Finance

Culture Media and Sport written question – answered on 20th February 2012.

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Photo of Dan Jarvis Dan Jarvis Shadow Minister (Culture, Media and Sport)

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.

Photo of Hugh Robertson Hugh Robertson Parliamentary Under-Secretary (Department for Culture, Media and Sport) (Sport and the Olympics)

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:

  £ million
2006-07 15.745
2007-08 16.221
2008-09 16.504
2009-10 15.530
2010-11 15.054
2011-12 15.054

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 14 July 2011, Hansard, column 536,

“.....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,

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