News24

Queen pay cut due to austerity plan

2011-06-30 21:04

London - British Treasury chief George Osborne says Queen Elizabeth II must be braced for a pay cut under the country's austerity measures.

Osborne said on Thursday that plans to be approved by lawmakers would see public funding to the royal family fall by about 9% by 2015.

Under new rules, the amount the queen receives to pay for salaries, palaces and functions would more closely reflect the state of the public finances.

"Basically, they will do as well as the economy is doing," Osborne said.

He said the current cost of funding the royal family was the equivalent of 51 pence per person each year.

Under Osborne's plan, the queen's household would receive an estimated £34m in the financial year 2013-2014.

Comments
  • slg - 2011-06-30 21:50

    Even this is too much.

      keith.staniford - 2012-01-03 13:25

      It's only a fraction of what your heads of state Pilfer, steal and corruptly mismanage from their citizens!

  • chileaan - 2011-07-01 11:10

    Yeah that's why the British colonized Africa to fund the royals .....

      keith.staniford - 2012-01-03 13:22

      Tosser

  • christo.stone - 2012-01-03 10:41

    The Royal family brings in 200 million pounds of tourist funds a year...I think 34 mil towards payment is quite fair to be honest. The Royal family also owns estates that all revenues go towards the state and not the royal family as per agreement between the government and the Royal family long before Queen Elizabeth II.

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