Queen’s private income rises

| 23/07/2009

(Telegraph): The Queen’s income from her private Duchy of Lancaster estate rose by three times the rate of inflation last year to £13.3 million. The money, up 5.4 per cent from £12.2 million last year, is used to pay for the Queen’s private and public activities. However, the value of the Queen’s estate, 46,000 acres across England and Wales, fell by a fifth or £75 million £322 million last year. Lord Shuttleworth, chairman of the Duchy’s council, said in the report released yesterday: "We have suffered a substantial fall in the capital value of our assets during the year, principally in the commercial property and financial investment portfolios. Against that, we have achieved an increase in the net surplus."

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