Cost of the crown part 4: calculating the king’s wealth
Today in Focus
The Guardian
4.6 • 5.9K Ratings
🗓️ 4 May 2023
⏱️ 39 minutes
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| 0:00.0 | This is the Guardian. |
| 0:07.0 | Today, the fourth installment of our cost of the Crown Millie series. |
| 0:11.0 | With the clock ticking, we scrawled to put the last pieces of the puzzle together |
| 0:16.0 | about the extent of royal wealth before making our final calculations. |
| 0:51.0 | At a past few months, me and my colleagues in the Guardian Investigations team |
| 0:54.0 | have been crisscrossing the country in a quest to uncover as much as possible |
| 0:58.0 | about the true extent of the royal family's wealth. |
| 1:02.0 | Our job is to find stuff out. |
| 1:04.0 | That is why we're the Investigations team. |
| 1:07.0 | Why are we doing this? |
| 1:09.0 | Because basically no one else will. |
| 1:11.0 | There's no way in the right way to press the dirt. |
| 1:14.0 | We've heard how the Windsors are benefited from a recent settlement with the government |
| 1:18.0 | that sees them receive tens of millions of pounds each year in taxpayer funding. |
| 1:23.0 | One key detail, so the way the sovereign grant restructures |
| 1:27.0 | that has made it an unbelievably generous deal, |
| 1:31.0 | which often gets referred to as the golden ratchet. |
| 1:34.0 | Basically, the gist of it is that the sum of money they get given can only ever increase. |
| 1:39.0 | We've heard how much they've made from the vast redditorious states known as the Duchies. |
| 1:44.0 | So it's 1.2 billion collectively. |
| 1:49.0 | I think it is, yes. |
| 1:51.0 | That's a lower-rather large figure. |
... |
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