According to the Crown Chronicles:
Anti-monarchy group Republic…claim that the ‘true cost’ of Monarchy is…£337 million for this last year – when The Queen only received a fraction of this, being granted £35.7 million in the Sovereign Support Grant of 2014-2015.
Laughably, the report includes a page with this statistic over a picture of Princess Beatrice and Princess Eugenie – neither of whom are working Royals.
The group multiplied the total number of engagements The Queen performed by the money that a [single] council reportedly spent on refurbishments prior to the Royal visit. But The Queen conducts…over half…at a Royal residence (Investitures, receptions etc).
To read the entire article in the Crown Chronicles, please click here.
