![The Royal Family Is Getting Increasingly Expensive For UK Taxpayers [Infographic]](https://i.headtopics.com/images/2019/7/6/forbes/according-to-the-latest-sovereign-grant-accounts-that-were-published-last-week-taxpayers-in-the-uk-a-1147530899510222848.webp)
According to the latest Sovereign Grant accounts that were published last week, taxpayers in the UK are forking over more money than ever for the Royal Family
, taxpayers in the UK are forking over more money than ever for the Royal Family. The monarchy cost £67 million in 2018-19, a 41% increase on the previous financial year. It has also emerged that the renovation of Frogmore Cottage, the official residence of Prince Harry and Meghan Markle, cost £2.4 million of public funding, despite the fact that it was a gift provided to the couple by the Queen.
In a nutshell, the UK government makes a payment called the Sovereign Grant to the Royal Household every year, with its value determined by how much money"The Crown Estate" - an extensive real estate portfolio - brings in. That total added up to £82 million and the monarchy spent £67 million on official duties including travel as well as other costs such as staff and property maintenance. That last point is the primary reason the Royal Family is getting so expensive.
The higher levels of spending this year are primarily due to critical renovations at Buckingham Palace. Much of the building's electrical, plumbing and heating systems still date from the 1950s and they are in desperate need of an overhaul. As part of a ten-year plan, wiring and pipework will be replaced, asbestos will be removed and new elevators will be installed.
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