Gold 104.3

Now Playing:

Listen on

The Queen's Wage Has Just Been Revealed

The Queen is set to receive a $10 million ‘pay rise’ after her Crown Estate recorded an increase of $40m in income.

Buckingham Palace says the 'sovereign grant' will be 82.2 million GBP ($A137.7 million) next year - an increase of more than 6 million GBP ($10 million).

The increase is based on the performance of the Crown Estate, which own a huge amount of real estate across the country.

Alan Reid, Keeper of the Privy Purse, says the newly released accounts show that the royal family costs each taxpayer about 65 pence per year, representing the cost of a first-class stamp.

'Consider that against what the queen does and represents for this country, I believe it represents excellent value for money,' he says.
Funding levels are also being increased to cover a planned 10-year refurbishment of Buckingham Palace.

Share this: