27:
180:
260:. The system was to a large degree self-funding through the Crown's large holdings, taxes being applied only when necessary, and almost always at the risk of public outcry. Taxes were normally very low, and the necessity to go to Parliament to fund wars was an effective check on the monarch's power.
113:
looks after the sovereign's personal financial affairs. His title is derived from the Privy Purse (an embroidered bag borne by the Keeper at a coronation) which contrasts with his
Department's present-day use of computers and up-to-date accounting procedures. He manages the revenues which come from
267:
came to the throne, it was decided that the whole cost of civil government should be provided by
Parliament, with the Crown surrendering most of the hereditary revenues (principally the net surplus of the Crown Estate) by the king for the duration of the reign. In this system, Parliament was
26:
69:. The Duchy was valued at approximately £533 million in 2018. The land is organised into the Lancashire Survey, the Yorkshire Survey, the Crewe Survey, the Needwood Estate and the South Survey.
394:
263:
As the role of the government increased in the 18th century, the Public Purse was increasingly unable to raise enough to fund the development of the country. In 1760 when
65:
The Duchy is a landed estate of approximately 46,000 acres (200 square kilometres) held in trust for the sovereign since 1399. It also has 190 miles (310 kilometres) of
355:
101:, who is the equivalent of the chairman of the trustees, has for the past several centuries always been a Government minister, although this is not a requirement.
431:
154:) and their gardens, for the financial aspects of royal travel, for personnel matters in the Royal Household, for the King's private estates (which include
30:
463:
391:
468:
324:
98:
72:
The sovereign is not entitled to the Duchy's capital, but the net revenues of the Duchy are the property of the sovereign in right of the
320:
227:
114:
the Duchy of
Lancaster. The Privy Purse meets both official expenditure incurred by The King as sovereign and private expenditure.
264:
253:
143:
375:
76:. While the income is private, the King uses the larger part of it to meet official expenses incurred by other members of the
205:
50:
352:
201:
473:
190:
435:
244:'s civil government day-to-day costs were paid for by the sovereign under normal circumstances, the monies in this
414:
209:
194:
146:
and for royal travel. He is also responsible for the property maintenance of the
Occupied Royal Palaces (such as
110:
34:
284:
272:
allowance to meet the sovereign's official expenses. In the fiscal year 2007/2008, the Crown Estate paid the
38:
252:
lands and holdings. Under extraordinary circumstances, namely in time of war or during budget shortfalls,
123:
296:
151:
77:
20:
73:
54:
301:
159:
147:
418:
379:
328:
163:
398:
359:
280:
155:
139:
66:
341:
392:
The
Government, Prime Minister and Cabinet: Directgov - Government, citizens and rights
457:
371:
241:
131:
249:
135:
273:
179:
81:
276:£211.0 million in return for £7.9 million in Civil List payments to the Queen.
269:
127:
57:. This amounted to £20.1 million in net income for the year to 31 March 2018.
130:, funds used to meet official expenditure relating to the King's duties as
268:
responsible for the finances of the state, including paying the Crown the
257:
122:
In recent years, the office of Keeper has been held jointly with that of
410:
84:
receives payments from
Parliament that are not reimbursed by the King.
353:
Chancellor of the Duchy of
Lancaster - Glossary page - UK Parliament
25:
173:
362:. Parliament.uk (21 April 2010). Retrieved 30 September 2011.
340:House of Commons Disqualification Act 1975 c. 24,
166:Trust (for which annual accounts are published).
401:. Direct.gov.uk. Retrieved on 30 September 2011.
8:
279:In 2012, the Civil List was replaced by the
208:. Unsourced material may be challenged and
162:) and for the commercial activities of the
228:Learn how and when to remove this message
126:, who is responsible for the use of the
413:, Friday 5 June 2009, number10.gov.uk,
313:
321:Duchy of Lancaster Annual Report 2018
37:, carrying a ceremonial purse at the
7:
248:being raised from the income of the
206:adding citations to reliable sources
99:Chancellor of the Duchy of Lancaster
93:Chancellor of the Duchy of Lancaster
53:'s private income, mostly from the
16:British sovereign's private income
14:
256:raised additional monies through
178:
464:Monarchy of the United Kingdom
1:
469:Finance in the United Kingdom
434:. 19 May 2010. Archived from
19:For the system in India, see
411:Full list of Cabinet members
142:for the maintenance of the
490:
432:"His Majesty's Government"
374:, duchyoflancaster.co.uk.
18:
111:Keeper of the Privy Purse
105:Keeper of the Privy Purse
35:Keeper of the Privy Purse
285:Sovereign Grant Act 2011
134:. He also oversees the
39:coronation of George IV
144:occupied Royal Palaces
42:
124:Treasurer to the King
118:Treasurer to the King
29:
297:Privy Purse in India
202:improve this section
78:British royal family
21:Privy Purse in India
415:archived 2009-06-08
376:Archived 2009-09-01
325:archived 2009-09-02
474:Monarchy and money
397:2011-07-21 at the
358:2010-11-06 at the
74:Duchy of Lancaster
55:Duchy of Lancaster
43:
302:Duchy of Cornwall
238:
237:
230:
160:Sandringham House
152:St James's Palace
148:Buckingham Palace
51:British sovereign
481:
448:
447:
445:
443:
428:
422:
419:Internet Archive
408:
402:
389:
383:
380:Internet Archive
369:
363:
350:
344:
338:
332:
329:Internet Archive
318:
233:
226:
222:
219:
213:
182:
174:
164:Royal Collection
489:
488:
484:
483:
482:
480:
479:
478:
454:
453:
452:
451:
441:
439:
430:
429:
425:
409:
405:
399:Wayback Machine
390:
386:
370:
366:
360:Wayback Machine
351:
347:
339:
335:
319:
315:
310:
293:
281:Sovereign Grant
234:
223:
217:
214:
199:
183:
172:
156:Balmoral Castle
140:Royal Household
120:
107:
95:
90:
63:
31:Lord Bloomfield
24:
17:
12:
11:
5:
487:
485:
477:
476:
471:
466:
456:
455:
450:
449:
438:on 17 May 2010
423:
403:
384:
364:
345:
333:
312:
311:
309:
306:
305:
304:
299:
292:
289:
283:, through the
236:
235:
186:
184:
177:
171:
168:
119:
116:
106:
103:
94:
91:
89:
88:Administrators
86:
62:
59:
15:
13:
10:
9:
6:
4:
3:
2:
486:
475:
472:
470:
467:
465:
462:
461:
459:
437:
433:
427:
424:
420:
416:
412:
407:
404:
400:
396:
393:
388:
385:
381:
377:
373:
368:
365:
361:
357:
354:
349:
346:
343:
337:
334:
330:
326:
322:
317:
314:
307:
303:
300:
298:
295:
294:
290:
288:
286:
282:
277:
275:
271:
266:
261:
259:
255:
251:
247:
243:
242:Great Britain
240:In the past,
232:
229:
221:
211:
207:
203:
197:
196:
192:
187:This section
185:
181:
176:
175:
169:
167:
165:
161:
157:
153:
149:
145:
141:
137:
133:
132:Head of State
129:
125:
117:
115:
112:
104:
102:
100:
92:
87:
85:
83:
79:
75:
70:
68:
60:
58:
56:
52:
48:
40:
36:
32:
28:
22:
440:. Retrieved
436:the original
426:
406:
387:
367:
348:
336:
316:
278:
262:
250:Crown Estate
246:Public Purse
245:
239:
224:
215:
200:Please help
188:
136:grant-in-aid
121:
108:
96:
71:
64:
46:
44:
41:in July 1821
218:August 2017
80:. Only the
47:Privy Purse
458:Categories
342:Schedule 2
308:References
270:Civil List
265:George III
254:Parliament
128:Civil List
189:does not
138:from the
67:foreshore
442:18 April
395:Archived
356:Archived
291:See also
274:Treasury
258:taxation
61:Overview
417:on the
378:on the
327:on the
210:removed
195:sources
170:History
49:is the
444:2011
372:FAQs
193:any
191:cite
158:and
150:and
109:The
97:The
82:King
45:The
204:by
33:as
460::
323:;
287:.
446:.
421:.
382:.
331:.
231:)
225:(
220:)
216:(
212:.
198:.
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
