Thursday 29th of June 2017

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British Queen to have pay rise next year

 London,Jun 28:-- Britain's Queen Elizabeth II is to receive an 8-percent "pay rise" next year, worth nearly 7.7 million U.S. dollars, the office of the royal household announced Tuesday.


The rise, equating to almost 150,000 U.S. dollars a week, comes after profits from the Crown estates rose by more than 30 million U.S. dollars.


The taxpayer-funded Sovereign Grant, which pays for costs such as royal household salaries, official travel, and the upkeep of royal palaces, is expected to be 105 million U.S. dollars next year.


Royal aides supported the cost of the Queen's annual grant saying it cost each person in Britain just 65 pence (0.83 U.S. cents) a year, the same price as a postage stamp.


But anti-monarchists claimed that the real cost of funding the British royal family totaled more than 440 million U.S. dollars a year. The campaign group Republic said that same amount would be enough to pay the salaries of thousands of school teachers or firefighters.


Republic's CEO Graham Smith, described the grant as a massive bill for British taxpayers to support the privileged lifestyles of the Royal family.


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