UK Queen Gets a Raise Due to Record Profits - This is real folks...

UK queen set for income boost after record profits

(AP) UK queen set for income boost after record profits
LONDON
Buckingham Palace accounts showed Thursday that Queen Elizabeth II had a good year financially _ the monarch will receive a 5 percent income boost following record portfolio profits.

The Crown Estate, including much of London's Regent Street and also Windsor Great Park, made 253 million pounds ($380 million) in the last financial year, a 5.2 percent annual increase.

The queen receives 15 percent of Crown Estate profits through a grant supplied by the British government that funds the monarch's spending as head of state.

The annual grant is currently 36.1 million pounds ($55 million) but will rise to 37.9 million pounds ($57.7 million) in 2014, representing a 5 per cent increase.

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Last Edited by oh_hi9876 on 06/27/2013 12:59 PM