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Queen to rely on millions from taxpayer as profits nose-dive due to pandemic

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www.mirror.co.uk

The Queen will reportedly rely on millions of pounds from the taxpayer to prop up her income after her property and land investments nose-dived during the coronavirus pandemic.

The Treasury has agreed to pump huge sums into the Sovereign Grant to bail Her Majesty out, with her income under serious threat, it has been claimed.

The 94-year-old monarch receives 25 percent annual profits via the Crown Estate which last week admitted this year's profits would dip "significantly", despite a small 0.4 percent increase for 2019/20.

According to the Daily Mail, the Treasury has, however, confirmed it won't let HRH's incomings plummet and instead will ensure they remain the same for 2022/23 through the bail out.

Read more on mirror.co.uk
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