google.ca
bbc.com/news
Queen Elizabeth’s Household Funds Down To £1 Million, Royal Palaces In Disrepair
A report by the Commons public accounts committee found that the Queen’s advisers were failing to control her finances while the royal palaces were “crumbling”.
MPs said her advisers had overspent to such an extent that her reserve fund had fallen from £35 million in 2001 to just £1 million today.
The Royal household had made efficiency savings of just 5 per cent over the past five years compared with government departments, that are cutting their budgets by up to a third.
MPs on the committee said the Treasury must “get a grip” and help to protect the royal palaces from “further damage and deterioration”.
Margaret Hodge, the Labour chairman of the committee, said: “We believe that the Treasury has a duty to be actively involved in reviewing the household’s financial planning and management — and it has failed to do so.”
Buckingham Palace and Windsor Castle are reported to be in urgent need of repair. Staff must catch rain in buckets to protect art and antiquities, while the Queen’s old boilers were contributing to bills of £774,000 a year.
Mrs Hodge said: “The household must get a much firmer grip on how it plans to address its maintenance backlog. It has not even costed the repair works needed to bring the estate back to an acceptable condition. Again, the Treasury has an oversight role here.”
In April 2012 the Sovereign Grant replaced the old way of funding the Royal family through the Civil List and various Government grants.
The Sovereign Grant represents 15 per cent of the net surplus income of the Crown Estate, land holdings that generate money for the Treasury.
A Buckingham Palace spokesman said the sovereign grant had made the Queen’s funding “more transparent and scrutinized” and was resulting in a “more efficient use of public funds”.
He said that repairing the royal palaces was a “significant financial priority”, and that the Royal household had almost doubled its income to £11.6 million since 2007.
The spokesman said: “The move to the Sovereign Grant has created a more transparent and scrutinised system, which enables the Royal household to allocate funding according to priorities. This has resulted in a more efficient use of public funds.”
A Treasury spokesman said: “The new arrangements established by the Sovereign Grant Act have made the royal finances more transparent than ever while providing the long term stability necessary for good planning.”
Read more
This post originally appeared at The Telegraph. Copyright 2014. Follow The Telegraph on Twitter.
font images google
font redaction http://www.businessinsider.com/queen-elizabeths-funds-down-to-1-million-pounds-while-royal-palaces-in-disrepair-2014-1#ixzz2rmEHTZ8E
font images google
font redaction http://www.businessinsider.com/queen-elizabeths-funds-down-to-1-million-pounds-while-royal-palaces-in-disrepair-2014-1#ixzz2rmEHTZ8E
Read more: http://www.businessinsider.com/queen-elizabeths-funds-down-to-1-million-pounds-while-royal-palaces-in-disrepair-2014-1#ixzz2rmEHTZ8E
22 January 2014 Last updated at 12:56 GMT
Continue reading the main story
Latest news:
Economy tracker: Unemployment
The number of people out of work fell by 167,000 to 2.32 million in the three months to November, according to the Office for National Statistics.
The unemployment rate of the economically active population fell to 7.1%, near to the point at which the Bank of England has said it will consider raising interest rates.
The number of people in work is 30.15 million.
The claimant count - the number of people claiming Jobseeker's Allowance - fell by 24,000 to 1.25 million in November.
Understanding unemployment:- A person is classed as unemployed if not only out of work, but also actively looking for work and available to start work within a fortnight
- Unemployment figures are based on a survey carried out by the Office for National Statistics. They show the average number of people unemployed over a three-month period
- A new survey is done every month, but comparisons are made between separate three-month periods, not overlapping ones. e.g. April-June v Jan-March, not April-June v March-May
- The ONS also publishes the claimant count which shows the number of people receiving Jobseeker's Allowance (JSA) in a particular month. That figure comes from information supplied by the Department for Work and Pensions
- The unemployment figure is higher than the claimant count as many jobseekers do not or cannot claim JSA
- The two main measures can sometimes move in different directions. A change in benefits rules moving people on to JSA from another benefit, for example, would increase the claimant count without a corresponding increase in unemployment.
Unemployment is referred to as a lagging indicator, because businesses will often delay laying people off as long as they can in difficult times.
A few months after the start of the recession in 2008, unemployment started to rise sharply. When the global financial crisis hit, the unemployment rate was a little over 5% or 1.6 million.
Towards the end of 2009, with the UK coming out of its severest recession since the 1950s, it was almost a million higher at 2.5 million, or 8%.
Unemployment peaked at almost 2.7 million at the end of 2011, its highest level for 17 years.
UK Economy
Forward Guidance
How the Bank's policy affects youRelated Stories
FEDERAL SUPREME COURT
ROBERTO-MARINE FOUNDATION
City Hall Victory
Government of the State of Espirito Santo
Jose Roberto Marinho
GLORIOUS VIEW MAGAZINE -
GLOBE NETWORK TELEVISION
zero hour
RBS Group (South Brazil Network Television)
RBS
Mail the People (rs)
The sun
People Gazette
MUNICIPALITY OF RIO DE JANEIRO
Government of the state of sao paulo
City Hall of St. Paul
Government of the state of Rio de Janeiro
http://www.hollywoodreporter.com/live
www.hollywoodnews.com
www.nytimes.com
www.washingtonpost.com
www.foxnews.com
BBC News -
UK Uol.com Msn.com
gazetaonline.globo.com
Globo> RPC TV
Rio de Janeiro
Government of the state of Rio de Janeiro
Government of the state of holy spirit
Government of the state of Minas Gerais
City Hall of Belo Horizonte
City Hall of rio de janeiro
Reuters London - El diary -
La time -
La razón (Bolivia)
Municipality of Curitiba-
Municipality of Curitiba
Capital-Paranaense
Chamber of Councillors of Curitiba
State Government of Paraná-
Legislative Assembly of the State of Paraná-
Globo-
State Government of Rio de Janeiro
Municipality of Rio de Janeiro-
FEDERAL government
Brasilia-DF-
Curitiba-Band
Rede Bandeirantes -
Veja magazine -
The Globe - Rpctv Paranaense - NASA
UN - UNITED NATIONS
Roberto Marinho Foundation
Last Minute Spain)
20 Minutes (Barcelona)
20 Minutes (Madrid)
La time -
La razón (Bolivia)
Municipality of Curitiba-
Municipality of Curitiba
Capital-Paranaense
Chamber of Councillors of Curitiba
State Government of Paraná-
Legislative Assembly of the State of Paraná-
Globo-
State Government of Rio de Janeiro
Municipality of Rio de Janeiro-
FEDERAL government
Brasilia-DF-
Curitiba-Band
Rede Bandeirantes -
Veja magazine -
The Globe - Rpctv Paranaense - NASA
UN - UNITED NATIONS
Roberto Marinho Foundation
Last Minute Spain)
20 Minutes (Barcelona)
20 Minutes (Madrid)
Share this page
Comentários
Postar um comentário