Queen of England to get £6m pay rise pay rise from public funds

The Queen of England is expected to receive an 8% increase in income from public funds, after the Crown Estate's profits rose by £24m.

The Sovereign Grant, which pays the Queen's salaries and for her household, official travel and upkeep of palaces, is to increase by more than £6m starting from April 2018.

It comes as accounts revealed the Queen's official net expenditure last year increased by £2m, to almost £42m which means the Queen will earn £82.2 million in paycheck.

Keeper of the Privy Purse, Sir Alan Reid, said the Queen represented "excellent value for money".

When you look at these accounts, the bottom line is the Sovereign Grant last year equated to 65p per person, per annum, in the United Kingdom he said.

That's the price of a first class stamp.

Consider that against what the Queen does and represents for this country, I believe it represents excellent value for money.

Prince Charles, heir to the Queen, also got a 1.2 per cent pay increase to £20.7m, while cutting his tax bill by 5.1 per cent to £4.7m.