Record profits boost Queen's income

AOL Money Staff
Royal Ascot
Royal Ascot

The Queen's income will receive a boost next year after record profits from her lucrative Crown Estate property empire.


Controversial changes made last year tying Royal Family funding to Crown Estate profits means the Queen and royal household will be entitled to a 16% hike in their official duties grant, to £36 million from next April up from £31 million this year.