Queen’s income to rise by 5% in 2014

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Queen’s income set to rise for second year runningThe Crown Estate owns property around Oxford Street and Regent Street in LondonContinue reading the main storyRelated StoriesQueen’s funding shows small riseRoyal funding changes become lawRoyal Family facing funding cuts

The Queen will receive a 5% rise in her income after the Crown Estate, from which she is paid, reported an increase in its profits.

The Sovereign Grant, which funds the Queen’s spending as Head of State, will rise in 2014 from £36.1m to £37.89m.

The grant is calculated as a percentage of profits from the Crown Estate, which includes properties such as Windsor Park and covers most UK coastline.

It announced on Thursday its profits had risen 5% to £252.6m.

Aside from the Queen’s income, the profit goes to the Treasury to help with the nation’s finances.

The value of Crown Estate’s property portfolio is now £8.1bn, exceeding £8bn for the first time.

See on www.bbc.co.uk