Queen's income set to rise for second year running
The Queen will receive a 5% rise in her income after the Crown Estate, from which she is paid, reported an increase in its profits.
The Sovereign Grant, which funds the Queen's spending as Head of State, will rise in 2014 from £36m to £38m.
The grant is calculated as a percentage of profits from the Crown Estate, which includes properties such as Windsor Park and covers most UK coastline.
Aside from the Queen's income, the profit goes to the Treasury to help with the nation's finances.
The value of Crown Estate's property portfolio is now £8.1bn, exceeding £8bn for the first time.
Nicholas Witchell reports.
27 Jun 2013
- From the section UK