Queen Elizabeth II is Getting a Royal £2 Million Raise
12:15 pm, June 28th | by Grace Rasmus
The Queen is getting a £2 million raise (over $3 million USD) this year at a time when Parliament is planning spending cuts of £11.5 billion ($17.5 billion USD). This will put the Queen’s taxpayer income at £38million ($57.9 million USD) annually.
Monarchy supporters are quick to point out that the Royal Family only costs Brits $80 USD per year. “£38m a year for our glorious Queen?” wrote Richard Palmer at Express. ”What an absolute bargain.”
The Queen spent $5 million USD on official expenditure in her Diamond Jubilee year last year — $1.4 million USD more than in the previous year. The cost to maintain the Royal Family each year is over £200million ($305 million USD) when you factor in security, maintaining royal estates, staging visits, etc.
Yesterday, the Crown Estate, which is owned by the monarch but has sent all its profits to the Treasury since 1760, said it made a record £252.6 million ($385.2 million USD) this year, a five percent increase from last year. It is the second year running that the Queen has enjoyed a big increase in taxpayer funding thanks to the Crown Estate.
We wonder how the Queen managed to score all this extra cash money. Did she take Sheryl Sandberg’s Lean In advice and try to negotiate for more money, something that only 7 percent of women do when offered a job? Or was she simply given this 15 percent increase because the Queen is the Queen and that is that?
Express noted that the Queen “uses her salary to mainly pay staff, as well as items such as laundry, stationary, and official functions.” I mean, if we had a stationary budget large enough to warrant a spot on the list of our top four expenses, we’d probably ask for a raise too.