Royal finances are usually kept secret from us, but once a year the Royal Household publishes the Sovereign Grant Report, which outlines the amount of taxpayer funding spent on the royal family’s current expenses over the last 12 months.
This year’s sovereign subsidy report was published on Friday and covers the 12 months to March 31.
The main findings of the report include how the royal family is affected by COVID-19.
The company is reported to lose up to £ 15 million over the next three years due to the closure of royal residences to the public, including Windsor Castle and Buckingham Palace, during the blockade.
In total, the official expenses of the monarchy in 2020 were 82.4 million British pounds compared to 82.2 million British pounds in 201
READ MORE: Megan and Harry’s taxpayers’ protected assets – ‘good for Britain’
Mr Fitzwilliams said the royal family was in fact a “deal” for the British public.
The commentator told Express.co.uk: “Royal finances, overshadowed by the expected shortfall of £ 35 million thanks to COVID-19, tend to report negatively by highlighting excesses or contradictions.
“The long-term renovation of Buckingham Palace for 10 years is essential for the most famous royal palace in the world.
“The public receives a deal from the Prince of Wales, who receives his income from the Duchy of Cornwall.
“According to a royal source, The Prince’s Trust will soon help one million young people, which is a truly remarkable achievement.”
The last 12 months have not been easy for the monarchy.
The 94th Queen Elizabeth II not only had to deal with the sharp loss of royal revenue, but also a series of family crises.
Her son Prince Andrew, 60, retired from the royal role at Christmas after a widely criticized interview about his friendship with the late pedophile billionaire Jeffrey Epstein.
Just months after Andrew’s resignation, Prince Harry and Megan Markle announced their intention to resign from their senior royal roles.
Despite the drama, however, the Queen remained the pinnacle of stability for the British public during the coronavirus pandemic, Mr Fitzwilliams said.
He said: “The royal family had a traumatic year in 2019, but especially with the Queen’s two transmissions to the nation and the way the royal appearances are handled, they were so valuable to national morality during this unprecedented crisis.”