How Much Will King Charles' Coronation Cost Taxpayers?

Bob Morris, an honorary senior research associate at the Constitution Unit at University College London, says that the royal family is financed by two primary sources. The first, called the sovereign grant, comes from the Crown Estate, a multi-billion pound real estate portfolio; a percentage of the Crown Estate’s profits are used to pay the royal family for performing its official duties.

The reason the cost of the coronation falls on the British state, rather than the royal family, is because “it’s a state event,” Morris says. A coronation isn’t necessary for a monarch to become king or queen—that automatically happens the moment the previous monarch dies. It’s perhaps for this reason that other European monarchies don’t bother with coronations.

As unhappy as many Britons may be about the cost, polls suggest that that displeasure doesn’t extend to funding the monarchy writ large. More than half of Britons believe that the royal family represents good value for money, according to another. Proponents of the monarchy are quick to point out the role that the monarchy has in drawing tourism to the U.K., though the exact sum is difficult to quantify. Opponents, however, are unconvinced.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

£100 parking fines at medical centre after 'abusing rules' blocks careParking rules will soon be enforced with £100 fines to clamp down on illegal parking “blocking lifesaving treatment” at a medical centre.
Source: Observer_Owl - 🏆 18. / 72 Read more »

Return flights to Iceland reduced to £100 this bank holiday weekendA deal for anyone looking for a last-minute budget trip from John Lennon Airport aff
Source: EchoWhatsOn - 🏆 74. / 59 Read more »

Aldi shoppers rush to buy 'brilliant' inflatable hot tub with £100 offSHOPPERS are rushing to buy Aldi’s “brilliant” summer must-have that’s 33% off. Aldi’s bargain hot tub is back in stock and is available to pre-order today. Hot tubs&n…
Source: TheSun - 🏆 64. / 61 Read more »

Calls for police and crime commissioners to be scrapped as they cost £100m in four yearsPolice and crime commissioners cost the taxpayer £100 million in four years - with one employing three people to run their social media - as calls made for them to be scrapped
Source: LBC - 🏆 17. / 74 Read more »

British writer describes ‘miracle’ escape from SudanRozan Ahmed, who was one of the British nationals to escape war-torn, has exclusively recalled her 'harrowing' experience fleeing the country to Metro.
Source: MetroUK - 🏆 13. / 82 Read more »

Suella Braverman: Illegal immigrants 'at odds with British values' - as small boats bill passes next hurdleThe home secretary claims criminality is 'very closely linked' to Channel crossings, with 'many' people getting involved in drugs, violence and prostitution. Meanwhile, MPs voted through controversial legislation to tackle small boats and it will now head to the Lords.
Source: SkyNews - 🏆 35. / 67 Read more »