Tags: EU | Britain | Royal Finances

UK Monarchy Costs Go Up, Partly Due to Buckingham Palace

Thursday, 28 June 2018 06:38 AM EDT

LONDON (AP) — Queen Elizabeth II is costing British taxpayers a bit more this year.

Financial figures published Thursday reveal that overall costs have gone up in part because of a 10-year program to refit aging Buckingham Palace, the queen's official residence in central London.

Taxpayer funds used to cover official duties and other costs increased from 42.8 million pounds ($56 million) in the last financial year to 45.7 million pounds for the financial year that ended on March 31.

Palace officials say the cost of payroll, travel and property maintenance all increased.

Officials say many of the palace's systems have not been updated since the 1950s.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Queen Elizabeth II is costing British taxpayers a bit more this year.Financial figures published Thursday reveal that overall costs have gone up in part because of a 10-year program to refit aging Buckingham Palace, the queen's official residence in central London.Taxpayer...
EU,Britain,Royal Finances
106
2018-38-28
Thursday, 28 June 2018 06:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved