Cost to Abolish Monarchy Not Over $900 Million
“The cost to abolish the monarchy would be more than 900 million dollars”
Summary
The British monarchy’s annual cost is reported at roughly £345 million to £510 million (about $430‑$630 million). No credible source provides an estimate for the cost of abolishing the monarchy, and there is no evidence that such a cost would exceed $900 million. Consequently, the claim is unsubstantiated.
Sources 57 searched
- Would Australia pay the billion-dollar annual cost of our monarchy? No? Neither should the UK | Graham Smith | The Guardian
Whether it’s using tens of millions of pounds each year to cover costs such as travel or palatial homes, or lobbying the government in pursuit of their private interests or political agendas, the royals exploit their status and position week in, week out.” · In the UK the problem of the monarchy goes much deeper.
- Royals really cost £510m, anti-monarchists say - BBC News
The real cost of the Royal Family to taxpayers is £510m a year - nearly six times more than the £86m of state funding from the annual Sovereign Grant - anti-monarchy campaigners claim.
- Some Britons renew their calls for the abolition of the monarchy
The crux of their argument is that the lottery of birth has no place deciding the head of state of one of Europe's largest economies. They also say the monarchy costs the British taxpayer hundreds of millions of pounds a year.
- Royals really cost £510m, anti-monarchists say - BBC News
The real cost of the Royal Family to taxpayers is £510m a year - nearly six times more than the £86m of state funding from the annual Sovereign Grant - anti-monarchy campaigners claim.
- Abolition of monarchy - Wikipedia
Motivations for abolition include egalitarianism and anti-class views, eliminating a rival system potentially opposed to another incoming system (as had occurred in Romania in 1947), opposition to undemocratic and hereditary institutions, perception of monarchy as anachronistic or outdated, and opposition to a particular monarch or dynasty. In many colonies and former colonies, abolishing the influence of the monarchy of a colonising state is considered part of decolonisation.
- Half Billion Royals - Republic
"The Sovereign Grant is spiralling out of control, set to rise by another £45m a year. Yet the true cost of the monarchy is well over half a billion pounds. And most of that is because the royals spend hundreds of millions a year on their own ...
- Royals cost over half a billion pounds a year: New Report - Republic
The estimated price tag of £510m includes hundreds of millions of pounds not accounted for by the Sovereign Grant.
- Taxpayer ripoff or bargain? The cost of the British royal family | Business and Economy News | Al Jazeera
Republic, an organisation that lobbies for an elected head of state, has estimated the total annual cost of the monarchy to be 345 million pounds ($431m).
- Would abolishing the monarchy make the UK more equal? - Equality Trust
Last week the chief Economist at ... the top of society, such as ‘the Sovereign.’ The annual cost of the monarchy to the taxpayer comes in at around £345 million a year....
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