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Showing posts from November 10, 2016

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No, the Royal Family do not contribute to the economy it's a myth

As the Queen reached a new milestone of becoming the UK’s longest reigning monarch, the question of her worth to Britain’s economy has once again been raised. No, they are not worth the money.

According to fresh research by Brand Finance, the value of the monarchy has been placed at an estimated £56.7 billion. This figure includes the value of tangible assets such as the Crown Estate, the Duchies of Cornwall and Lancaster and the Crown Jewels.
When these tangible assets are stripped out, the total value of the monarchy to the UK’s economy is an estimated £1.155 billion for 2015, according to their research.
This figure has been calculated by netting off costs such as the Sovereign Grant, the millions spent on security and the maintenance of the palaces against sources of income such as the surplus generated by the Crown Estate, the uplift in tourism and the price premium from brands carrying Royal Warrants.
Supporters of the monarchy and its value to the UK often use the example of tourism…

If you can only save one of these British Institutions which one would you save?

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Should Britain abolish the Monarchy?

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