Queen gets bumper pay rise
Her property holdings, known as the Crown Estate, posted a record profit of 240.2 million pounds, a net rise of 4 percent in the year through March 2012 largely due to strong tenant demand for its shops in the upmarket Regent Street and St James's districts of London.
At a time when the country is in recession and many families are feeling the pinch of higher household costs and taxes, the Queen's allowance will rise to 36 million pounds from 30 million pounds, the level at which it was frozen in October 2010 under new laws which peg her pay to the estate's profits.
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The Crown Estate pays all of its profit to the Treasury, or finance ministry. Under new laws that come into effect in 2013-14, the monarch's pay is calculated as 15 percent of the estate's profits from two years prior.
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Used mainly to pay the Royal household's staff as well as for items like laundry, stationery and official functions, her 2013-14 pay will be the highest since 2008 though still less than half of her 1991 pay of 77.3 million pounds.
http://uk.reuters.com/article/2012/06/20/uk-britain-queen-pay-idUKBRE85J1N620120620
