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Budget announcement on the Civil List for 2011
Budget announcement on the Civil List for 2011
In his Budget statement
today the Chancellor announced that payment to the Civil
List for calendar year 2011 will be unchanged at £7.9m.
Royal Household spending on support of The Queen in Her
duties as Monarch in 2011 will fall from £15.1m to £14.9m.
The £7m difference will be financed from the Civil List
Reserve.
From 2012, support of The Queen in Her official duties will be simplified. Building on the transparency that already applies to royal finances, the Government and Royal Household will develop a new system of consolidated finance. This simpler approach will be conducive to greater efficiency and promote public understanding of Royal finances.
The Chancellor also announced, with the support of the Royal Household, that from 2012 the National Audit Office (NAO) will be responsible for the audit of the Civil List accounts and lay them in Parliament. This will align the Royal Household’s business accounts to the same standard of scrutiny as Government departments. This approach will also be extended to any new system of consolidated finance.
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