‘The taxpayer is facing a bill for £359 million for an upgrade of Buckingham Palace while the Queen, one of the richest people in the country, contributes nothing. Meanwhile she pockets the millions in admission fees from visitors. It makes the £2.4 million of taxpayers’ money being spent for Harry and Meghan on Frogmore Cottage look like small change.’ (Daily Mirror)The BP upgrade is being funded by the Sovereign Grant, which is a proportion of the profits of the Crown Estate - that being owned by the Crown, not the government or the public. The Sovereign Grant also only represents 25% of the Crown Estate profits, the remaining being being held by The Treasury to form part of the governments income.
The Crown owns the Royal Palaces (not the Queen, but the Crown as in each successive monarch) and as such the Crown assets are used to fund the Crown. With additional estates of Lancaster to further fund the monarch and Cornwall to fund the Heir.
This is the Crown funding their costs, and still contributing to public coffers by paying tax on their income also.
Also, refering to the art collection, it doesn't all belong to the Queen personally, merely held in trust by the monarch. Only parts of the collection are personally the Queens.
And in terms of the crown Estate assets, which contribute to the public purse, in the event of the monarchy being abolished, all those assets would quickly be sold off, probably on the cheap to friends of the governing Tories to their mates, like when the Royal Mail was sold on the cheap.
Now I'm not condoning Prince Andrews actions, and I certainly don't endorse him being funded as a senior royal any longer, but overall the current way of finding the Royal Family is probably the best way it can be. Because if you say the Royals have to be totally self-funded without anything going via the Government, then you have to say they the right to retain the whole Crown Estate profits for their funding as a minimum, which would actually mean less money going to the Treasury.
‘So while the taxpayer signs off £359 million, the Palace continues to pocket all the lucrative stream of entrance fees to the building, to other royal palaces and to the Royal Collection. To paraphrase Janet Daly, it is theirs when it is an income stream, it is ours when it needs to be repaired’ ...And What Do You Do? What the Royal Family Don’t Want You To Know’ by Norman Baker