Business Standard

UK monarchy costs go up, partly due to Buckingham Palace


AP London
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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2018 | 3:55 PM IST

Explore News