| Let us introduce… the Sovereign’s Wealth Fund. Sort of. Going forward, Her Majesty will receive the Sovereign Grant: a percentage of net revenue from the Crown Estate. She will receive 15 per cent of net revenues for 2012-13, thus keeping her payments from the taxpayer roughly the same as under the old system. In good years “excess” revenues will be placed into a Reserve Fund.
The FT’s occasional royal correspondent Robert Shrimsely uses his column to explain the business opportunities the Fund creates for the Windsors..............................................Full Article: Source
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