Sky News Daily Have the royal finances hit the buffers?
Jul 1, 2025
Rhiannon Mills, Royal Correspondent for Sky News, discusses the Royal Family's financial landscape amid rising scrutiny. She highlights the decommissioning of the iconic royal train as a cost-saving measure and dives deep into the complexities of the Sovereign Grant. The conversation touches on public perceptions of royal spending and transparency, questioning the sustainability of lavish expenses in light of taxpayer contributions. Ian Baker adds perspective, arguing that the monarchy may not offer the best return for the British public.
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Royal Train Decommissioned; Costs Rise
- The Royal Train is being decommissioned as a cost-saving measure despite its historical significance to Queen Elizabeth II.
- The Sovereign Grant funding the monarchy is set to rise from £86.3m to £132m over the next two years.
High Royal Travel Expenses
- The royal travel bill is eye-wateringly high, including £4.7 million in one year for travel alone.
- This includes costly helicopter trips, private charters, and a £400,000 flight to Australia and Samoa.
Monarchy Influences UK's Global Image
- The monarchy is a major influence on the UK's global perception, according to a survey cited by the Keeper of the Privy Purse.
- Royal activities are seen as uniquely impactful compared to sport, politics, culture, or the economy.
