Royal Famılıes, Queen Elızabeth

Royal Famılıes, Queen Elızabeth

Queen Elizabeth II's finances take Covid-19 pandemic hit

Queen Elizabeth II's finances take Covid-19 pandemic hit

25/9/2020 3:06:00 AM

Queen Elizabeth II's finances take Covid-19 pandemic hit

LONDON (AFP) - Britain's Royal Household on Friday (Sept 25) defended taxpayer-funded trips, including a golfing jaunt by the beleaguered Prince Andrew, as it warned of a financial hit stemming from the coronavirus pandemic.. Read more at

Unveiling the annual financial report of Queen Elizabeth II's household, officials also said Prince Harry and his wife Meghan were now paying commercial rent on their UK residence at Windsor Castle, after quitting the royal frontline.The Sovereign Grant, which pays for the monarch's official duties and upkeep of royal palaces, came to £82.4 million (S$143.5 million) in the financial year ending in March 2020, a slight rise from the year before.

Three piracy attacks in Singapore Strait over 2 days double October cases to 6, an all-time monthly high for this year Safety netting put up along Changi Jurassic Mile after visitor injured by golf ball Malaysia extends movement curbs amid record 1,240 new COVID-19 cases

In March, the UK went into lockdown against the coronavirus pandemic and royal finances have been dented by the loss of sizeable income generated from public visits to the palaces.Losses to the Royal Household's core budget will come to £15 million over the next three years, according to Michael Stevens, who as Keeper of the Privy Purse is the queen's treasurer.

A separate budget for long-term repairs designed to avert a"catastrophic failure" to the fabric of Buckingham Palace, the queen's main residence in London, will suffer a shortfall of £20 million.By law, the Sovereign Grant cannot go down year-on-year, and the monarchy has become increasingly cost-conscious given wider public scrutiny of its affairs.

But Stevens said British taxpayers would not be asked to cough up for the additional shortfalls, at a time when millions are suffering a drop in income or outright loss of their jobs."In responding to both these financial challenges we have no intention of asking for extra funding and will look to manage the impact through our own efforts and efficiencies," he told reporters.

The Royal Household has already instituted a freeze on pay and new hiring, and is"actively looking at cutting non-essential expenditure", a senior royal source added.ROYAL SPORTS The annual report itemised the costs of royal trips over the past financial year, including £15,848 incurred for a charter flight to take Prince Andrew to a golf club in Northern Ireland in July 2019.

Another charter flight was deemed necessary for Princess Anne to attend a rugby match between Italy and Scotland in Rome in February, at a cost of £16,440.While the queen's only daughter is a widely popular and industrious member of the family, her second son Andrew's reputation has been shredded by his association with the late Jeffrey Epstein, a convicted paedophile.

Both royals were serving in an official capacity as patrons of relevant organisations, and there were no commercial flights available to accommodate their schedules, the royal source said.Officials were also grilled about a claim by Prince Harry's spokesman this month that the queen's grandson has paid back £2.4 million of taxpayers' money used to renovate Frogmore Cottage, his home in the grounds of Windsor Castle.

Improve reusable container initiative by food delivery firms to boost take-up rate Safety netting put up along Changi Jurassic Mile after visitor injured by golf ball Conditional movement control order in Selangor, KL and Putrajaya extended until Nov 9: M'sian minister

The Duke of Sussex and his former actress wife retired from royal duties earlier this year in a quest for"financial independence", and reportedly paid back the refurbishment costs out of a multi-million-dollar deal with the TV giant Netflix.

The Sussexes' disaffection with media scrutiny came to a head on a 10-day tour of southern Africa in September 2019 - a trip that cost the taxpayer £245,643.The royal source said the couple, who have moved to the United States, intended to keep Frogmore Cottage as their UK residence, and were paying a higher commercial rent to reflect the value added by the renovation.

Read more: The Straits Times »

No train service on parts of North-South, East-West, Circle lines after power fault

There was a partial blackout at Boon Lay station while passengers at Choa Chu Kang station were detrained and walked on the tracks that run above the street.. Read more at

The royals are not spared too. Let's be frugal and spend cautiously! DeanAntonioNYU She's going to have to tighten her crown...

Clay queen Halep firm favourite for French Open after winning streakSimona Halep is heavily favoured to add a second French Open title to her Grand Slam cabinet, brimming with confidence on the back of a 14-match ...

Singapore's total population falls to 5.69 million, as Covid-19 pandemic hits non-resident numbersSingapore's total population dipped by 0.3 per cent - the first time it has gone into negative territory in the last 10 years.. Read more at

Finland says COVID-19 pandemic spread points to 'accelerating phase'Finland warned on Thursday the COVID-19 pandemic was expanding again more rapidly in the country, after several months of relative calm, and was ...

Singapore Food Expo moves online to help manufacturers hurt by Covid-19 pandemicSINGAPORE - The bright colours and smells of the Singapore Food Expo will be missed this year as the Singapore Food Manufacturers' Association (SFMA) willhold the annual event online on a smaller scale due to the pandemic.. Read more at

Basketball: NBA Draft Combine, altered due to the Covid-19 pandemic, starts on Monday(REUTERS) - The 2020 National Basketball Association Draft Combine will begin on Monday (Sept 28) and extend into November, following a format change designed to emphasise safety amid the coronavirus pandemic.. Read more at

Costco beats estimates on pandemic boostCostco Wholesale Corp beat estimates for quarterly profit and revenue on Thursday, as consumers staying at home due to the COVID-19 pandemic ...