The fortune of Queen Elizabeth II is one of the largest in the United Kingdom although that does not exempt her from going through financial problems like all millionaires, the coronavirus pandemic took a toll on her finances and now the government has come to her aid.
The income it obtains through the opening of its palaces to the public and the exploitation of its estates has dropped considerably. About 25% of that money comes from the Crown Estate, the company that manages the public estates of the Queen of England, which has valuable land in London and other places in the country.
Aid from the Treasury Department to the fortune of Queen Elizabeth II
Faced with the fall in income, the British media Daily Mail reported that the British Treasury department launched a lifeline for the monarchy to not allow the Queen’s income to fall
The department announced that the Queen will receive a rescue fund that will complete the Sovereign Grant, the public financial aid she receives for her official acts, in order to maintain her income.
For its part, the Crown is not going to allow its fortune to go down and they have looked for alternatives to generate dividends for example; in Sandringham, where the Royal Family used to spend Christmas, they installed a drive in movie theater.
While this Thursday, Windsor Castle opened the exhibition of Beatriz de York’s wedding dress and it will be there until next November.
Despite the measures, the news of the queen’s rescue did not go down very well with the British because the money will be that of taxpayers that had been destined to finance public services.
Due to the health crisis and confinement in the United Kingdom, many citizens have suffered salary cuts or lost their jobs due to the coronavirus, which is why they do not agree with the “rescue to the Crown.”