Royal Finances and Royal Duties

This week the annual Sovereign Grant report - the report on the Monarchy's public finances in the last year - was published. For details see Royal Family cost each taxpayer 56p last year.

Regularly the anti-monarchist splinter group Republic, run by Graham Smith, occasionally a Fairfax columnist, was quoted by The New York Times:

“They cost much more than they say, and they don’t actually do anything,” said Graham Smith, one of the activists, as he stared up at the palace walls. “People keep pushing for more from the royals, but they give it only grudgingly. We ought to be a republic.”

The Prince of Wales and The Duchess of Cornwall published their annual review in an impressive graphic:

Activities of The Prince of Wales and The Duchess of Cornwall in 2013/2014

The Prince of Wales funds himself, his wife, the Duke and Duchess of Cambridge and Prince Harry’s activities as royals from the Duchy of Cornwall. Prince Charles, however, incurred £1m travel costs in the last year due to an increased number of engagements performed representing the UK and The Queen overseas.