Author: By Laura Elston and Tony Jones, Press Association
The total cost of keeping the monarchy increased by £1.5 million to £41.5
million during the 2008-09 financial year.
Palace accounts also showed that the Queen dipped into a reserve fund to boost
her Civil List by £6 million.
This is the highest amount ever drawn from the reserve which comes from
surplus Civil List money accumulated in the 1990s.
It was made up of £7.9 million from the Government and £6 million from the
The boost from the reserve accounted for 43% of the total.
This prompts speculation as to how much the Queen will ask the Government to
increase the Civil List by when the current financial deal runs out in
If she continues drawing on the reserve at the current rate, she will run out
of funds by the start of 2012 – the year of her Diamond Jubilee.
The pot of money has gone down from £35 million to £21 million over the last
The current deal – in which the Queen gets £7.9 million a year – was agreed by
Sir John Major in 1990.
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