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The British monarchy was slightly cheaper last year British Royal Family 

The British monarchy was slightly cheaper last year

Róbert Kertész, correspondent of MTI means:
Last year the British monarchy was somewhat more expensive, primarily because of the renovation of the Buckingham Palace in London’s first royal residence.

According to a report by the palace on Thursday, the government of the kingdom was running a net expenditure of 47.4 million pounds (17.6 billion forints) in the financial year 2017-2018, April; this is 13 per cent more than the net amount spent on the monarchy last year.
The state allowance allocated to the monarchy was 15 per cent of the annual budget payments of Crown Estate, a royal estate, commercial real estate and other investment, which was raised to 25 per cent between 2017 and 2027 in order to finance the Buckingham Palace’s inexhaustible – and expected to be £ 369 million.
Crown Estate’s results for the financial year 2017-2018 rose 4 percent to £ 329.4 million.
The largest British anti-monarchist organization, the leader of the Republic, Graham Smith, on Thursday said “a great lie” to keep the monarchy under Crown Estate’s income. Smith commented to the BBC for details without saying that according to the Republic’s calculations, the monarchy actually pays a budget of more than 345 million pounds a year.
The organization is campaigning for the abolition of the monarchy and for the institution of the elected head of state.
Surveys, however, show that the support of the monarchy’s institution is solid.
The largest British public opinion research network, YouGov’s latest survey – timed by Harry Potter and his American counterpart Meghan Markle in May – 69 percent of British voters said he was the king’s leader, and only 21 percent said they did not support the monarchy’s institution.
However, the survey also showed that, although in every adult age group there are majority supporters of the monarchy, there are serious differences in the distribution of opinions. 57 percent of the 18-24-year-olds in the United States confessed to monarchy, and 25 percent opposed this form of state, but the support of the monarchy was 77 per cent over the age of 55 and only 18 per cent of the population would live in the republic.

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