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| Queen Elizabeth II |
The Queen will not face any cuts to royal finances for at least another two years despite an 11 per cent increase in her income, The Telegraph has learnt.
In the two years since the Civil List was replaced by the Sovereign Grant, the Queen’s taxpayer-funded income has shot up from £36.1 million to more than £40 million.
Campaigners have demanded that David Cameron and George Osborne, who set up the current funding formula, should carry out an immediate review so that the Royal family can make their own contribution to the Government’s austerity measures.
But royal sources have insisted the money is needed to continue with a backlog of repairs to the royal palaces, and gave a strong indication that any proposed cuts would be resisted. » | Gordon Raynor, Chief Reporter | Sunday, June 21, 2015
