(no title)
stqism
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5 years ago
A lot of this land and property is privately owned by the royal family but leased to the government, I’m not exactly versed in UK law; but a governmental attempt to seize a private citizens land seems like it wouldn’t be the smoothest thing to attempt to pull off.
joubert|5 years ago
Also see, from https://www.royal.uk/royal-finances-0
> The Crown Estate as a whole dates back from the time of the Norman Conquest.
In 1760, George III reached an agreement with the Government over the Estate. The Crown Lands would be managed on behalf of the Government and the surplus revenue would go to the Treasury. In return, the King would receive a fixed annual payment, which was called the Civil List. With effect from 1 April 2012, the Civil List was incorporated into a new system of funding referred to as the Sovereign Grant.
The Crown Estate is not the personal property of the Monarch. It cannot be sold by the Monarch, nor do any profits from it go to the Sovereign.
The Crown Estate is managed by an independent organisation, headed by a Board, and any profit from the Estate is paid every year to the Treasury for the benefit of all UK taxpayers. The Treasury is effectively the principle Government stakeholder and is kept informed of the estate’s overall business plans and strategies.
The Estates portfolio has a value of over £7.3 billion, from beef farms in the north of Scotland to Portland stone mining in Dorset. Windsor Great Park is the only Royal Park managed by the Crown Estate. All other parks are administered by the Royal Parks Agency.
Reason077|5 years ago
Correct.
> “nor do any profits from it go to the Sovereign.”
Incorrect. Currently 25% of the Crown Estate’s profits are paid to the Monarch. This was raised from 15% in 2018, and is set to revert back to 15% in 2028.
patmcc|5 years ago
Being able to make laws helps with that.
colejohnson66|5 years ago
unknown|5 years ago
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