The Queen might be a little but upset about a hole in her finances after Brexit, as it has been claimed she received a huge rise in EU subsidies at one of her estates.
Royal finance expert David McClure has written that the monarch received a 55 per cent rise in EU farm subsidies at Sandringham, as Prince Charles turned the estate organic, in his book The Queen’s True Worth: Unravelling the Public & Private Finances of Queen Elizabeth.
He also estimates the monarch’s £400million fortune is £50million more than previously believed.
Unlike her other royal residences, Sandringham is privately owned and was passed to her from her father King George VI upon his death in 1952.
The land managed by the Estate has recently converted to organic farming and there is a diverse range of crops grown at Sandringham. Those grown on lands managed by the Estate include wheat, barley, beans, oats and blackcurrants.
CAP
Her sprawling Norfolk residence has been the beneficiary of Brussels subsidy money since Britain joined the European Union, becoming eligible to withdraw from the multi-billion-pound Common Agricultural Policy fund.
Over the last five years, Sandringham has received more than £3 million, including £935,908 in 2019 – 55 per cent more than the £604,844 awarded the previous year.
The Prince of Wales’s sustainability drive won the estate an extra £313,517 from the EU’s budget to support rural development projects.
The Estate continues to evolve and as it now practices organic farming there are a number of recent changes to the farming landscape. As part of the new organic rotation, an outdoor-lambing sheep flock was established in 2018 to contribute to the farm’s aims of improving soil structure and fertility.
Barbados
Buckingham Palace has said Barbados’s intention to remove the Queen as head of state and become a republic is a “matter for the government and people” of the Commonwealth country.
Governor-General Dame Sandra Mason set out the plan in the “Throne Speech” which traditionally marks the state opening of the Barbados parliament.
Dame Sandra referenced a famous comment by her country’s first prime minister Errol Barrow, saying he had cautioned “against loitering on colonial premises” adding “That warning is as relevant today as it was in 1966.”
The Queen has been Barbados’s head of state since it became independent in 1966 but the issue of becoming a republic has been discussed at national level during the following decades.
Asked to comment on the Commonwealth country’s plans, a Buckingham Palace spokesman said: “This is a matter for the government and people of Barbados.”
Related – Not everyone is as happy as Barbados to leave ‘colonial past behind’ & remove Queen as Head of State
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
