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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think this is a complete joke and want to abolish the monarchy

181 replies

portugalq · 30/06/2022 11:28

The Royal Family cost taxpayers £102.4million last year.

As the nation struggled in the cost of living crisis, spending on the royals rose £15million – 17%.

www.mirror.co.uk/news/uk-news/record-100m-taxpayer-payout-royal-27360820

OP posts:
Palmfrond · 30/06/2022 11:36

Dead weight, bin.

Justcallmebebes · 30/06/2022 11:38

Agree and have done for a while now

CounsellorTroi · 30/06/2022 11:41

There will be people along to argue that it’s only a few pence per head of the population but they are missing the point. It’s £102 million that could be far more usefully spent on something else.

Sirzy · 30/06/2022 11:42

But isn’t a lot of that because of the upkeep for Buckingham palace because it hasn’t been looked after enough. In which case that wokld be a cost with or without the royal family.

Nesbo · 30/06/2022 11:46

I’m no royalist but for the figure to be meaningful you’d have to ask how much we’d be spending if we didn’t have the royal family. For example, I think we as a nation ought to hang on to Buckingham Palace rather than sell it to wealthy foreign interests, but that comes with cost of upkeep.

And if the royals are carrying out activities that would otherwise be done by a President or by diplomats then we’d still incur costs.

headline figures like this are just supposed to sound big so people can feel angry, but they are no more meaningful than the 350 million written on the side of a bus, they need to be properly interrogated. And even so the figure looks tiny compared to eg the billions we wasted on crappy PPE during the pandemic.

Whereismumhiding4 · 30/06/2022 11:50

"According to Brand Financee, a brand valuation consultancy, the capital value of the British Monarchy as a business is estimated at an enormous £67.5 billion. In 2017 alone, the annual contribution to the economy was £1.766 billion (Brand Finance)). These huge figures evidently bring a vast sum into the UK economy. This is done through a number of ways."

medium.com/illumination/how-much-money-does-the-royal-family-earn-the-uk-economy-5f41239c8957

Many other financial institutions say similar

That £102 million cost is a drop in the ocean to the billions of money that our Royal Family raise and attract into the country. Let alone the taxes Queen pays herself and amount of people they employ

Brand finance report estimates that the overall uplift of Royal family to the tourism sector is £550m, making the contribution to tourism, including merchandise sales, the largest of the benefits generated by the monarchy.

CounsellorTroi · 30/06/2022 11:53

Whereismumhiding4 · 30/06/2022 11:50

"According to Brand Financee, a brand valuation consultancy, the capital value of the British Monarchy as a business is estimated at an enormous £67.5 billion. In 2017 alone, the annual contribution to the economy was £1.766 billion (Brand Finance)). These huge figures evidently bring a vast sum into the UK economy. This is done through a number of ways."

medium.com/illumination/how-much-money-does-the-royal-family-earn-the-uk-economy-5f41239c8957

Many other financial institutions say similar

That £102 million cost is a drop in the ocean to the billions of money that our Royal Family raise and attract into the country. Let alone the taxes Queen pays herself and amount of people they employ

Brand finance report estimates that the overall uplift of Royal family to the tourism sector is £550m, making the contribution to tourism, including merchandise sales, the largest of the benefits generated by the monarchy.

So what is actually happening to this money? Where is it going?

SiobhanSharpe · 30/06/2022 11:54

The plastic bag of cash handed to Charles, which he accepted, and the fact that he took more than 20 private flights within the UK last year to avoid being 'stuck in traffic' means I have even less respect for him and the institution of the monarchy.

Allthegoodnamesarechosen · 30/06/2022 11:55

Well, it’s peanuts to Charles. He’s got plenty coming in in suitcases

iklboo · 30/06/2022 11:57

That £102 million cost is a drop in the ocean to the billions of money that our Royal Family raise and attract into the country.

So why aren't we seeing any of that 'billions' used anywhere?

soundofsilver · 30/06/2022 11:57

Get rid. The argument that they bring in tourism is a load of rubbish. France brings in more tourists than the uk and what did they do to their royal family?!
Open up all their houses to the public for tourists.

soundofsilver · 30/06/2022 11:58

Whereismumhiding4 · 30/06/2022 11:50

"According to Brand Financee, a brand valuation consultancy, the capital value of the British Monarchy as a business is estimated at an enormous £67.5 billion. In 2017 alone, the annual contribution to the economy was £1.766 billion (Brand Finance)). These huge figures evidently bring a vast sum into the UK economy. This is done through a number of ways."

medium.com/illumination/how-much-money-does-the-royal-family-earn-the-uk-economy-5f41239c8957

Many other financial institutions say similar

That £102 million cost is a drop in the ocean to the billions of money that our Royal Family raise and attract into the country. Let alone the taxes Queen pays herself and amount of people they employ

Brand finance report estimates that the overall uplift of Royal family to the tourism sector is £550m, making the contribution to tourism, including merchandise sales, the largest of the benefits generated by the monarchy.

This 'billions' is not correct! It was laughed at and debunked on the radio this morning.

UsernameIsCopied · 30/06/2022 12:00

Just think of how much money Buckingham Palace would bring if it were opened up to the public. The crowds in Versailles for example are huge, it would be the same in the UK.

Ifailed · 30/06/2022 12:05

Buckingham Palace would be an ideal place to house Asylum Seekers with it's 775 rooms, rather than spending £millions flying the to Rwanda. It's got it's own gardens for them to get out and exercise in, plus it's under armed military guard 24 hours a day.

Pedallleur · 30/06/2022 12:19

But apparently tourists pay £Billions to see them (well they cant, just stand outside Buck Palace). there is the whole issue of Charles and the rents on his estates (uses his special privileges Queens Consent). Queens finances are a grey area. i suspect the money from the Govt and their own money is moved around as it suits. Similarly their properties and repairs and anything which affects those. Whats their is theirs and anything else is theirs unless negotiated.

Florenz · 30/06/2022 12:27

Would you want Boris Johnson as our head of state, with his picture on bank notes and stamps etc?

MsFogi · 30/06/2022 12:29

Yep - I'd be sacking the lot of them and requisitioning their land/castles/bank balances etc and applying the proceeds to the national debt/NHS/education etc (if I was feeling generous I may give them each a small house in a random part of the country to live in).

CounsellorTroi · 30/06/2022 12:30

Florenz · 30/06/2022 12:27

Would you want Boris Johnson as our head of state, with his picture on bank notes and stamps etc?

Why is Boris Johnson the only alternative to the monarchy?

Ifailed · 30/06/2022 12:30

No need for Boris on bank notes, or indeed anyone else. Switzerland seems to get by perfectly well without a head of State (president, monarch, ruler etc.)

JaninaDuszejko · 30/06/2022 12:39

It's not the money and how easy or otherwise it is to quantify how much they make for the country, it's the whole concept of monarchy. Just look how fucked up that family are because of the constant press attention from birth. It's like a real life version of the Truman Show.

breadandmillk · 30/06/2022 12:39

Inflammatory headlines, as usual!

Surely you shouldn't make a judgement on Royal Family 'cost' of £104 million by simply looking at the Sovereign Grant. That's not the complete picture.

You must also consider the financial benefit to taxpayers from the Crown Estate, which made £312 million profit in 2021 - which is paid straight to the Exchequer ( minus the 15 - 25% retained for the Sovereign Grant ).

BBC explanation here: Where does the Queen get her money?

FoiledByTheInsect · 30/06/2022 12:54

Sirzy · 30/06/2022 11:42

But isn’t a lot of that because of the upkeep for Buckingham palace because it hasn’t been looked after enough. In which case that wokld be a cost with or without the royal family.

87m a year and suitcases of cash from sheikhs and they can't afford a bit of timely home maintenance? 🤣 Or just weren't prepared to sell a few racehorses and close the offshore accounts when the British taxpayer was there for the milking.

It's a monstrosity anyway, needs rewilding.

Tolstory · 30/06/2022 13:00

iklboo · 30/06/2022 11:57

That £102 million cost is a drop in the ocean to the billions of money that our Royal Family raise and attract into the country.

So why aren't we seeing any of that 'billions' used anywhere?

So does the Eiffel Tower - but it doesn't cost 102 million or go to sex parties with underage girls.

Top 10 Countries Most Popular with Tourists (by number of 2019 visitor arrivals)
1 France - 90.0 million
2 Spain - 83.7 million
3 United States - 79.3 million
4 China - 65.7 million
5 Italy - 64.5 million
6 Turkey - 51.2 million
7 Mexico - 45.0 million
8 Thailand - 39.8 million
9 Germany - 39.6 million
10 United Kingdom - 39.4 million

LibrariesGiveUsPower · 30/06/2022 13:05

£102 million is a drop in the bucket. That’s a really small sum.

They bring in billions in revenue.