The Windsor family will be given £82m next year as their 25 per cent share of the profits from the “Crown Estate”. The estate is a public portfolio of assets that include the seabed around the UK excluding Scotland.
The increasing number of off-shore wind turbines has pushed the estate’s profits up and the Windsors are benefiting from this. Energy companies pay for a lease of the seabed on which their turbines stand.
According to the Financial Times “The estate’s best-performing investments last year were in its £1.4bn energy, minerals and infrastructure portfolio”.
Republic, the main British republican organisation, said that the monarchy cost the British people £345m a year. This is a 165 per cent increase since 2012.