Court treasurer Sir Michael Stevens said in an official report on Friday that he expected far fewer tourists to visit the world’s famous landmarks in the monarchy, such as Buckingham Palace or the oldest royal residence on Windsor Castle on London’s western border.
According to Sir Michael's calculations, the treasury will lose £ 15 million (HUF 6 billion) in revenue over the next three years.
The chief guardian of the House of Commons' finances stated that Buckingham Palace - II. The renovation budget of Queen Elizabeth's residence in London is also expected to fall out of £ 20 million.
Built in 1703 by the Duke of Buckingham, surrounded by a huge ancient park, the 775-room palace, which has served as a royal residence since 1837, has already undergone the largest renovation work to date, expected to last ten years, or 2027. The originally planned budget for the renovation would have been £ 369 million (almost £ 150 billion).
Sir Michael did not detail exactly what should be left out of plans for large-scale renovation work.
However, the treasurer, officially known as Keeper of the Privy Purse, said the royal house was not asking for additional budget support from the government, but was trying to deal with the financial difficulties more efficiently using its resources.
The state allocation to the monarchy - Sovereign Grant - has already been raised to 25 per cent of the annual budget contributions of Crown Estate, an independent holding company that manages royal estates, commercial real estate and other investments, from 15 per cent between 2017 and 2027, precisely to fund renovation of Buckingham Palace.
Renovation could not be postponed any further: the last 68 years, Buckingham Palace, underwent a thorough - but not complete - renovation in 1952, the year II. Queen Elizabeth ascended the throne.
The miserable financial report was accompanied by good news on Friday: the court announced that Princess Eugenia, Prince Andrew of York, was expecting a child, II. The secondborn daughter of the third child of Queen Elizabeth.
Eugenia - who is the tenth in the British succession line - married two years ago to entrepreneur Jack Brooksbank. Their first child, Buckingham Palace, is expected to arrive early next year.
(Source: marmalade.co.hu; MTI | Image: pixabay.com)