We should reform the monarchy Show more Show less
The monarchy is important to preserve but needs to adapt.
The UK government subsidizes the Monarchy with tax payer money each year. This is estimated at £300 million per annum and is greater than any tourism revenue generated. Royals do not pay tax nor have to insure their properties. When there was a major fire at Windsor castle, the Queen expected taxpayers to pay for repairs.
At present the royal family are supported through various tax-payer funded grants as well as income from many estates which they inherited because they are royalty. For instance, Prince Charles’ income comes from the Duchy of Cornwall - land he ‘owns’ because he is Duke of Cornwall. Many countries have ‘down-sized’ their royal family and the income they are given. This has increased their popularity in places like the Netherlands.