What is the function of the British monarch and where does the royal family’s money come from?

This is one of the photos released by the royals after Prince Enrique reunited with Meghan Markle.

Why in the 21st century, kings, queens, monarchies continue to exist, what is the political relevance?

It was the political model that gave rise to the process of expansionism and domination over other regions, especially in Europe over Latin America, the Caribbean and Africa, and after historical events such as the industrial revolution, or the French Revolution, the rights of citizens. produce. , resulted in structures in which the king was head of state and head of government as prime minister, and gave way to parliamentary monarchies.

“The prime minister acts as head of government and the figure of the king as head of state is maintained. Its historical relevance has to do with the historical processes of each country, of the nation states that came from that logic, and which maintained the monarchy as part of the process of its formation, along with the territories that were colonized centuries ago and that they recognized the British Crown as head of state for being a protectorate”, explained Serrano Solares.

Between April 2021 and March 2022, the royal family’s payroll costs, i.e. payments made to employees working for the crown, were £19.1 million. Which brings us to the following question:

Where does the money used to maintain the monarchy come from?

“There are three areas where the monarchy obtains resources, the first is sovereign subsidies, they are land owned by the crown, but being a State, despite the lack of definition, the worse the economic performance generated by the kingdom. the land belonging to the crown is allocated for the budget given to them”.

“Of the budget revenue that the UK gets, 15% goes to the royal family, and that has to do with state subsidies. In addition, from government spending, money is allocated for protocol events attended by members of the royal family. They are given a kind of salary for the work given the functions they have before the institutional bureaucratic apparatus,” explained the doctor.

There are two other items, it has to do with property that the crown has had since 1265, this is a kind of personal finance that belongs to the royal family, i.e. other property or land that is not directly in the center of Buckingham, but which has an economic advantage, but does not generate a profit for Country.

Elena Eland

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