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    Elizabeth II of the United Kingdom

    Queen Elizabeth II receives financial aid from the Treasury Department

    27 September, 20202 Mins Read
    fortune of Queen Elizabeth II » Elizabeth II of the United Kingdom
    The British Treasury department launched an economic lifeline to the monarchy. PHOTO: AP.
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    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.

    fortune of Queen Elizabeth II » Elizabeth II of the United Kingdom
    Queen Elizabeth with Prime Minister Boris Johnson. PHOTO: AP

    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.

    https://www.instagram.com/p/CFg1hs7nOFn/?utm_source=ig_embed

    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.”

    Headlines The Royal House of Windsor
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    Robert Marquez

    Graduated in Graphic Design and expert in content writing. I am passionate about the world of royalty and social networks. Remember that we strive to create original content for all our readers, so we emphasize that you add a link back to this news if you want to quote, reproduce it in whole or in part.

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