How Much Royal Family Costs To Taxpayers And How Much They Bring In With Tourism?

By Samantha in Real Life On 12th July 2022
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A few weeks back, millions across the UK celebrated the Queen's platinum jubilee with much zeal.

However, these amazing celebrations were done against the backdrop of soaring bills for families across the UK, with inflation setting new record levels and energy and fuel prices sky-rocketing.

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During a recent live Q&A, royal correspondent Rhiannon Mills was asked questions regarding the crisis of cost of living and whether the royals are doing enough to be worth taxpayers' money.

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Currently, the world is going through the toughest times in history. Following the pandemic crisis and with Russia Ukraine war, inflation is at its peak and the thought that monarchy is costing the UK over £100m last year is eye-watering.

The royals will justify that they spent the money on things like refurbishing Buckingham Palace and expensive flights, claiming that this is all to do with the important official work they carry out on behalf of the country.

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Well, if speaking on their behalf, then recently, the focus of the royals has been much on those who are struggling financially.

Kate made a visit to a baby bank where they hand out donations to parents, Prince Charles looked at employment opportunities for young people, and William talked to men about the mental toll that financial struggles are having.

But the truth is that the royals will always face the bitter question of "how can they understand?" when their family is one of the most privileged in the country.

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The figure of how much the royals bring in through tourism is a controversial question in itself. In fact, one set of numbers from Forbes magazine claimed they're worth £19bn to Britain's economy every year.

That's obviously thanks to people visiting all of the royal palaces, and tourists generally flocking to London to stand outside the likes of Buckingham Palace. Also having a royal warrant on various goods and products is often seen as an excellent selling point.

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But one interesting note to point out here is that diplomats and ambassadors state that the royal family is an excellent promoter when it comes to promoting the brand Britain, and many even agree that there isn't anything more powerful than a royal visit or an invitation to spend time with the Queen for maintaining relationships with countries around the world.

Despite all these points, the debate on whether the Windsors are value for taxpayers' money is not stopping any time soon.

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