Royal Family
Does the royal family benefit the UK's economy?
Last week, news emerged that Buckingham Palace is set to undergo renovation work to the tune of £369 million. The royals are often criticised for their extravagent lifestyles and huge costs to the British economy but it actually seems that they pay their own way. Read more on the indy100.
Description
This chart shows the economic benefits and costs of the royal family in 2015.
Estimated economic benefit of tourism related to the British Royal Family in the United Kingdom from 2012 to 2022, with a forecast for 2023 and 2024 (in million GBP)
Expenditure of the British Royal Family in the United Kingdom in 2024/25, by item (in million GBP)
Income of the British Royal Family from 2011/12 to 2024/25 (in million GBP)
Net expenditure of the British Royal Family in the United Kingdom from 2011/12 to 2024/25 (in million GBP)
Total travel costs of the British Royal Family in 2020/2021, by type (in million GBP)
Do you think England's economy benefits more from the Union, Scotland's, or about equal?*
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