Not all that much really:
Annual results for the Crown Estate, published today, show the Queen\’s property has bounced back from the recession by increasing in value by £600m to £6.6bn in the year to March 31. This compares to an 18pc decline in the previous year as property values in the UK collapsed. The results mean the Queen\’s property has performed in line with private-sector property companies.
The Crown Estate will now pay its profits of £210.7m into the national coffers. This is a decline on the £226.5m of last year, mainly because of lower interest rates being earned on the capital reserves of the Crown Estate, which is prohibited by law from borrowing.
Mr Bright said: \”Our results should be read in the context of our obligation not to chase short-term income returns, and our statutory restrictions on borrowing, which increases our exposure to low interest rates.\”
The Crown Estate was created 250 years ago when George III surrendered profits from his property portfolio to the Government in exchange for a fixed annual payment from the Treasury, the Civil List.
Not all that much at all. The Civil List is currently £7.9 million a year.