I’d be interested to see your figures on monarchy costs @Muddy , these are some quite recent figures that I found…
What have the royals ever done for us?
Supporters of the royal family always have a firm answer to this question. They argue that the royal family brings in money to Britain more than it takes out, despite all of those pretty palaces.
In the year 2019/20, for instance, Britain’s royal residences had more visitors than ever before. A record number of 3,285,000 people visited the official royal residences, in the year before coronavirus struck. They include Windsor Castle, Buckingham Palace (including the Royal Mews and The Queen’s Gallery), Clarence House, Frogmore House, the Palace of Holyroodhouse and The Queen’s Gallery within. As well as generating income from ticket sales, the palaces rack up cash from selling trinkets, hampers (their Christmas gift hamper made £32,000) and publishing.
There may still be some debate about where this money ends up, who should control it and what good it does for ordinary people. But there is no doubt the royal brand is very lucrative for the UK.
The Royal Collection
The Royal Collection Trust looks after the Royal Collection, one of the most important art collections in the world. It also manages the public opening of the official residences of the Queen.
According to its annual report of 2019/20, a record 3,285,000 people visited the official residences in 2019/20 - the highest number ever, generating £49,859,000.
Windsor Castle welcomed some 1,586,994 visitors.
From a retail perspective, think gift shop sales, the Royal Collection made £19,983,646 in a year.
In total, the Royal Collection Trust’s total income for the year was £71,526,000.
The Crown Estate
In 2018/19, the revenue from The Crown Estate came in at £343.5 million.
The Crown Estate may not be what you think.
It doesn’t include Windsor Castle - that’s managed through the Royal Household - but it does include tons of other properties, including the entirety of Regent Street in London, Windsor Great Park and Ascot Racecourse.
The Crown Estate also controls around 1,960,000 acres of agricultural land and forest and more than half of Britain’s foreshore.
How much money does the royal family bring in?
So - what do all of the visitors, land and property add up to?
All in all the House of Windsor, mainly through tourism, is estimated by Forbes to contribute £19 billion ($28 billion) to Britain’s economy pre-pandemic, the Daily Express reports.