thenews.com.pk 20 Sep, 2020 05:15 am

Britain’s Queen to pay in installments as COVID-19 imposes financial pitfall

Britain’s Queen to pay in installments as COVID-19 imposes financial pitfall
LONDON: Queen Elizabeth is reportedly stressing out while attempting to pay the UK government her annual payment due to the financial strain COVID-19 caused on her royal coffers, foreign media...

UK, "The current economic and market disruption has led The Crown Estate to take the precaution, with the agreement of the Treasury, of implementing a staged process for the payment of the whole of its net revenue profit for the year 2019-20.”While "The Crown Estate's disappointedly stagnant profits may take a while before they impact the Royal Household.For the unversed, the monarch reportedly hands over all of her estate profits to the Chancellor, in exchange for an annual income called the Sovereign Grant.With stormy waters ahead, the Queen's lockdown court 'HMS Bubble' may have to batten down the hatches pretty sharpish.

National September 20, 2020 LONDON: Queen Elizabeth is reportedly stressing out while attempting to pay the UK government her annual payment due to the financial strain COVID-19 caused on her royal coffers, foreign media reported.While there is no doubt the estate itself is still at a strong financial footing, Dan Labbod, the estate’s chief executive believes, "We are under no illusions about the challenges we face.

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