Queen’s taxpayer-funded income doubles to £82million, up 167% since 2012

‘The government has almost doubled the Queen’s income to £82 million, apparently to cover the cost of “essential works” at Buckingham Palace. Republicans say funding for the monarchy must be tightly controlled, especially under austerity.
The Crown Estate, which includes Regent Street, St James’ Park, and thousands of acres of farmland, coastline and forests, made profits totaling £328.8 million ($419 million) in the year to March 2017, up eight percent on the previous year.
The government has therefore granted an increase in the Sovereign Grant – the percentage of profits from the Crown Estate that is paid out to Her Majesty.
The Queen will now get 25 percent of the Crown Estate’s profits for the next ten years, up from 15 percent.
It is understood the increase will help fund the £370 million refurbishment of Buckingham Palace, which includes replacing old electrical and plumbing systems.’
Read more: Queen’s taxpayer-funded income doubles to £82million, up 167% since 2012