For decades, parliament has been far too lenient about the royal family’s finances. This avaricious practice needs to end, says the former Liberal Democrat MP Norman Baker
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Does this family have no shame? They are so greedy.
the greed extends so much more beyond this though. The tricky thing is, it’s hard to know where the stinginess starts with them, as a traditional family and where it begins with the royal family as an institution.
the queen and her father before her were famously frugal. Eating cornflakes out of Tupperware and all that. But that’s true of many rich people. The reality is that rich people often become and stay wealthy because they are very stingy. Harry himself had a weird relationship with money in Spare. On one hand he’s buying clothes once a year from TK Maxx, but on the other hand he’s aghast that a 30-something year old living for free in KP is expected to buy a sofa on their own credit card. They don’t want to spend their own money - on anything - but are happy to have the costs covered from somewhere else.
As an institution though, it’s hard to know how much the royal family are involved in business decisions. I expect they are, to some extent.
For example, the pay of a lot of staff for the royal family’s households is awful. At best, it’s uncompetitive. Sure, employees get accommodation (and some meals) in central London but it’s very basic for lower staff (like maids and footmen). Think more basic room with a single bed rather than an entire flat to yourself. They are often expected to work long and unsociable hours. I think the start salary for footmen is £15k. Housekeeping get paid below the London living wage per hour. How do the royal family get away with it? They rely on the goodwill of the people serving them combined with the prestige attached.
business decisions taken by institutions of the royal family have been criticised for a long time. For example, Buckingham Palace tried to apply for heating grants aimed at lower income households - and were gently informed this rather heartless cash grab might not be well received by the public;
Royal aides pleaded for the cash as they claimed gas and electricity bills had risen by more than 50 per cent in a year - totalling more than £1million.
www.dailymail.co.uk
Members of the royal family are also pretty astute at building up their personal wealth via the duchies of Lancaster, Cornwall etc. the queen’s main investment portfolio was the duchy of Lancaster. It invests in a broad range of things, from property through to offshore accounts. Yep that’s right, the queen was actively “managing” paying tax through offshore investments. Some of them being very dodgy, with accusations of exploitation against them;
Paradise Papers reveal Duchy of Lancaster invested in retailer criticised for exploiting thousands of poor families
amp.theguardian.com
Prince Charles’ duchy has done similar;
Royals used secretive procedure to approve laws that gave special exemptions to Duchy of Cornwall<br>
amp.theguardian.com
Prince Charles also has the power of veto over any laws that could change the arrangement
www.cornwalllive.com
The Duchy of Cornwall allegedly invested millions of pounds in offshore funds and companies.
www.huffingtonpost.co.uk
a friend of mine works in the sustainable energy sector. They have told me how the Crown Estate owns the vast majority of U.K. coastline. They charge so much in rent and attach so much bureaucracy, that it makes it unviable for sustainable energy companies to try and establish themselves in the U.K. - as a consequence, the U.K. has poor sustainable energy infrastructure, which in turn makes us more dependent on fossil fuel imports and makes our energy market more volatile compared to other advanced economies;
An auction of offshore plots for future windfarms is being held by the Crown Estate
amp.theguardian.com
the list goes on and on and on. It could be easy to dismiss the late Queen, of Charles and the rest - it’s not their decisions, right? They appoint advisors to manage all this.
ultimately though, that argument doesn’t fly with me. These are funds that are essentially a source of personal wealth, and they have responsibility for the business decisions made on their behalf.
it doesn’t help that as a family, they surround themselves with senior courtiers who are just as privileged, greedy and out of touch. Tommy Lascelles (private sec to the queen and her father before her), was a member of the aristocracy (the earls of harewood). His successor, Michael Adeane was descended from captains and admirals. Martin Chatteris’ father was Lord Elcho. Another private sec was a brother in law of Princess Diana. In short… all white men, all from a similar background with a similar education and undoubtedly, largely very similar world views.
The current private sec to Charles doesn’t have much information on his background online, but he’s gone to a prestigious boarding school in his youth and enjoyed a prestigious careers as an ambassador - so I think it’s fair to assume he’s not your run of the mill, average middle class guy. In short, nothing much has changed among the top circles close to the royal family - so there’s an argument to be made there that they are wilfully burying their head in the sand and surrounding themselves with likeminded individuals.
They might not sign off every single business decision, but they sign off the people that *do* make those business decisions for them. And that is very much an active choice they’ve made.
the reality is, the royal family rely on public goodwill for their existence. But equally, they love money and believe in their own hype. So they obfuscate and complicate their financials to make sure the general public don’t fully understand it, and to perpetuate the myth that they are “value for money”.
The crown estate no more belongs to the monarch than No 10 does to Rishi Sunak. So why such a huge handout? asks Graham Smith, CEO of Republic
amp.theguardian.com