Twitter has been sent into a monarchy-bashing frenzy, following reports that the Queen may have to move out of Buckingham Palace for improvement work that's set to cost the taxpayer around £150 million.
But with 13 million people living in poverty, 913,000 people using food banks last year and anti-austerity marches so big that even Russell Brand is getting involved, is ploughing £150 million into the Queen's estate a smart move?
Don't care what anyone says the Queen and the royal family are just a waste of money...— Jordan (@KingMurphs) June 24, 2015
Too much money being spent on the #RoyalFamily . Not value for money. Too many hangers on. Not democratic.June 24, 2015
I really love the Queen and The Royal Family but I really can't justify how much of tax payers money goes towards them.— Rachel (@RachelkDowning) June 24, 2015
Well - let's look at the stats.
The annual report states that the monarchy costs the UK approximately £35.7 million. That works out at about 56p per person, per year for the taxpayer.
To all Buckingham Palace moaners: the Royal family bring in about £500m/year in tourist money. I'd consider that a decent return— Martin Daubney (@MartinDaubney) June 24, 2015
For every £ spent on British Monarchy they return £14 in tourism money so stop moaning about #BuckinghamPalace— Arvid Linde (@kensingtongreen) June 24, 2015
We pay 56p each per year for Royal Family, and they bring us millions in tourism. So of course it's worth the refurb #BuckinghamPalace— Mason (@dmasonofficial) June 24, 2015
The revenue paid to the UK from the Crown Estate is at a record £285 million. So, take away the Queen's £35.7 million, and the UK is left with £249 million. So, because of the royal family, your taxes are actually about £3.80 cheaper per year than they would be if the Queen did not rule.
The £249 million doesn't even include the money that tourism brings in, which is estimated at £500 million.
So, is £150 million money well spent on Buckingham Palace? You decide.Suggest a correction