• alexc@lemmy.world
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    18 hours ago

    There are studies that go both ways on their net gain/ net cost. the “net gain” crowed tend to suggest that no-one would visit the UK if it wasn’t for them.

    I don’t buy it.

    And if they’re such as net gain, why do they continue to claim money from the Royal List? Can’t they just AirBNB the palace? Or Windsor? They have a lot of properties and don’t really pay taxes either.

    • ohulancutash@feddit.uk
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      12 hours ago

      There’s no “they”. The King claims money from the government in the form of the Sovereign Grant. He then disburses that money among the working royals as he sees fit.

      The Sovereign Grant is in return for the King signing over the entire income of the Crown Estate to the government. The Sovereign Grant is pegged nominally at 15% of the income of the Crown Estate (currently 25% to fund the restoration of Buckingham Palace which is in bery poor condition).

      So it’s a net gain as the government currently keeps 75% of the income from the Crown Estate.

      • groet@feddit.org
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        7 hours ago

        But what is the crown estate? Is it money the royals produce by their work that wouldn’t exist without them? Or is it capital gains and land ownership that could also just belong to the country directly meaning the goverment would get 100% and not have to pay the sovereign Grant?

        • ohulancutash@feddit.uk
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          4 hours ago

          The Crown Estate is the hereditary property holdings of the Sovereign (as opposed to the holdings of the Duchy of Lancaster or the personal holdings of the individual).

          If taken over by government, the taxpayer would have to fund a presidency anyway, which would likely cost more.

    • mjr@infosec.pub
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      17 hours ago

      The Civil List, if that’s what you mean, was abolished in 2011, but they claim grants instead now.