UK royal family face £35m dent in finances
- Date: 25-Sep-2020
- Source: The National
- Sector:Financial Markets
- Country:GCC
UK royal family face £35m dent in finances
Keeper of the royal purse reveals bleak funding forecast
The British royal family is facing a £35 million hit to their finances. AP
The British royal household could take a £35 million hit to their finances due to the impact of covid, official accounts have revealed.
Making up nearly half of the shortfall, the lack of visitors to venues such as Buckingham Palace and Windsor alone is predicted to deprive the royal accounts of £15m over the next three years.
At an annual briefing on royal finances it was heard that a separate budget for long-term repairs designed to avert a "catastrophic failure" to the fabric of Buckingham