The Queen is set for a mammoth £40million pay rise as nurses, firefighters and soldiers get just 1% : Daily Mirror.

The Sovereign Grant is set to soar from £42.8million in the 12 months to March this year to £82.2million in 2018-19, it can be revealed.

The Queen is set for a bumper pay rise (Photo: Getty)

The Queen is set for an eye-watering “pay rise” of almost £40million while nurses, firefighters and soldiers are handed meagre 1% annual hikes.

The Sovereign Grant is set to soar from £42.8million in the 12 months to March this year to £82.2million in 2018-19, it can be revealed.

Chancellor Philip Hammond is expected to confirm the figure at his autumn Budget.

The jaw-dropping climb is fuelled by record-breaking Crown Estate profits and an overhaul of how the monarch’s handout is calculated, to fund decade-long repairs to Buckingham Palace.

Since 2012, the taxpayer-funded bill for the royals’ expenses – known as the Sovereign Grant – has been set at 15% of Crown Estate profit, two years in arrears.

However, last year the Tories offered to lift the grant to 25% of profits to fund £369million of repairs to the Palace over 10 years.

Next year’s cash injection to the Royal Family will be further boosted as the Crown Estate’s profits rocketed by 8.1% to £328.8 million for 2016/17.

That means the Household is in line for an inflation-busting £39.4million increase next year, compared with just two years earlier.

Read More : Daily Mirror.

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5 Comments

  1. 2 hours ago
    JonSims
    I agree. We should nationalize all state assets and get rid of the shareholders who are creaming in the profits from the now private companies who are always getting “subsidized” by the British

    Seems a Mirror reader is talking some sense.

    Liked by 1 person

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