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Economics of Royalty: Is the Royal Family a Waste of Money? – TLDR News

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After a week of controversy surrounding the Royal Family, we thought it was worth discussing one of the core debates related to them – are they good value for money. So in this video, we discuss how the Royal Family are paid for and the economic benefits they provide the UK.

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1 – https://yougov.co.uk/topics/politics/articles-reports/2020/12/03/how-do-britons-future-royal-family-succession
2 – https://www.ig.com/uk/trading-strategies/what-are-the-top-10-most-recognisable-brands-in-the-world–200217
3 – https://www.forbes.com/sites/ryanerskine/2017/08/12/what-is-a-brand-really-worth/?sh=4e0987b22991
4 – https://interbrand.com/best-brands/best-global-brands/methodology/
5 – https://brandfinance.com/wp-content/uploads/1/brand_finance_monarchy_press_release.pdf
6 – https://www.royal.uk/financial-reports-2019-20
7 – https://www.businessinsider.com/the-queen-and-the-uk-royal-family-contribution-to-the-uk-economy-2015-9?r=US&IR=T
8 – https://fullfact.org/economy/royal-family-what-are-costs-and-benefits/
9 – https://www.independent.co.uk/news/business/analysis-and-features/royal-wedding-family-how-much-uk-economy-benefits-cost-meghan-markle-expense-a8345436.html

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37 Comments

37 Comments

  1. @TLDRnews

    December 28, 2023 at 1:18 am

    CLARIFICATION: In the video, we make a number of claims surrounding the Crown Estate and just how the monarch receives from the Crown Estate or the Government. We wish to clarify the following: The Crown Estate is not the property of the Royal Family nor the Monarch in their personal capacity. As the Crown Estate website (https://www.thecrownestate.co.uk/en-gb/our-business/our-structure-and-governance/) stresses "The assets of The Crown Estate are therefore not the property of the Government, nor are they the Sovereign's private estate. They are part of the hereditary possessions of the Sovereign "in right of the Crown". In more simple terms, the Crown Estate is owned by the monarch "by virtue of their accession to the throne" "for the duration of their reign". Think of it like the keys to an office – when you start a new job (in non-COVID times), you'll probably get your own set of keys. You "own" these keys by virtue of your employment for the duration of that employment. If you quit, or are fired, the keys are no longer yours. The calculation of the Sovereign Grant is a bit more complicated than what we explained in the video. The Royal Family doesn't immediately skim off 25% of that year's revenues or net profits. Rather the entirety of it is sent to the Treasury. The Treasury then, in accordance with the Sovereign Grant Act 2011, calculates and sends to the Crown the Sovereign Grant. Under Section 6 of the Sovereign Grant Act 2011 (https://www.legislation.gov.uk/ukpga/2011/15/section/6), the Sovereign Grant is calculated as follows: First, calculate 25% of the Crown Estate income for two years prior (i.e. when calculating the Sovereign Grant for 2021-22 use figures from the Crown Estate corresponding to 2019-20). Round that figure up to the nearest 100 grand. Then compare the rounded figure with the Sovereign Grant given last year. (After some adjustments), award the higher amount. In effect, the Sovereign Grant has a ratchet clause embedded in it – the Grant can only ever go up. Subsequently, say hypothetically due to a pandemic, the Crown Estate makes a loss that year. The Sovereign Grant will not suddenly become negative – the Treasury would have to stump up cash from elsewhere.

  2. @WaybackmachineSource.Opt-xe7zn

    December 28, 2023 at 1:18 am

    we have a have a entities we have our own authority here in the United States of pay attention we do not marry you cannot afford a trillions I see here in the United States of American stay over there okay don't come over here cuz we got our own we have our own UK YouTube you owe us here in the United States a quarterly you out of the running UK. We do not use a less than a quartering in the United States we have

  3. @TheLellybert

    December 28, 2023 at 1:18 am

    Yes

  4. @CommentTroller

    December 28, 2023 at 1:18 am

    i think i’m 2023 with the queen now passed and nobody in britain will be able to live on a regular wage before long, turn buckingham palace into either a huge spoons or big tesco 👍

  5. @hardyakka1499

    December 28, 2023 at 1:18 am

    Yes, a waste of money, abolish this sad anachronism.

  6. @lukas54cz71

    December 28, 2023 at 1:18 am

    Then lower the gain of monarch if you argue.

  7. @myjeanification

    December 28, 2023 at 1:18 am

    I can’t imagine bowing or curtsying to any member of a family with connections to Hitler and nazi’s, but thats just me 🤷🏻‍♀️

  8. @mannymay1294

    December 28, 2023 at 1:18 am

    erm.., did the royal family actually purchase the land and property you claim they own in this video in the first place? – that belongs to the people of UK? No mention in this video of the favourable tax breaks they get such as inheritance tax, these are essentially a humongous cost to the public purse, as that money does not enter the public purse – not to mention everyone else are subject to these taxes. Really could go on here, Very poor video from TLDR, quite shameful.

  9. @fsulitskiy

    December 28, 2023 at 1:18 am

    If the royals contribute around £50m net between their crownestate contribution and the money they take from the government. If they were to become private citizens wouldn't that money still be taken by the government as tax? Cuz royals don't pay tax rn from what I can tell

  10. @silverfox2358

    December 28, 2023 at 1:18 am

    Some utter rubbish as usual. How does having a sweaty child molester above the law and protected by the uk police for a brother make this a moral family that sets an example to britain?
    If the king is the prince of wales, why do the welsh people hate him or seem uninterested in him and vote for welsh (and scottish) nationalism? This is hardly a good comparision for a branding like mcdonalds or coca cola who would go bankrupt if customers where disinterested in their unpopular products. This is not how you would run a business. As for politics why do we have an elite and out of touch comedy joke that is worse than donald trump when you can take him to court and he's answerable to the law but not prince sweaty pedo andy.

  11. @sturdywordy1158

    December 28, 2023 at 1:18 am

    No, politicians are

  12. @kalaiselviselvi9823

    December 28, 2023 at 1:18 am

    Yes .. THE MONARCHY SHOULD BE ABOLISHED FOREVER

  13. @user-pp9yk3tu4z

    December 28, 2023 at 1:18 am

    I think the crown lands should just be seized by the state and not owned by the monarch l. Then the profits can still be put into the treasury

  14. @janesmy6267

    December 28, 2023 at 1:18 am

    Britain needs to abolish the monarchy. They are a bunch of privileged people who are undeserving and even dabble in pedophilia. Britain needs to also evolve and overhaul its terrible political system and get rid of its colonial mindset. They are a complacent and entitled nation. I grew up there. I saw it first hand. They should put that tax payer money into the NHS instead.

  15. @montyriviera795

    December 28, 2023 at 1:18 am

    Do bears shit in the woods?

  16. @easy0828

    December 28, 2023 at 1:18 am

    Those pros are negligible at best.

    Tourism in the UK would be even better if Buckingam Palace were open all year long and if tourists were able to see the bodies of the royal family (slowly decomposing in ice/liquid Helium or a mummification process).

    Returning stolen gems and diamonds would better the relationship with countries that were oppressed and exploited by that family. Not paying 80 million and other costs like coronations would save the British hundreds of millions. And to be fair, they never paid a fair price when it comes to their real estate; they stole it from their people like everything else they possess. Taking it back would be more than justified.

    Personally, I couldnt care less if British people advocate monarchy and enjoy to hype up the family that exploited and oppressed their ancestors and other countries for centuries. But I think that people who are above the law, dont have to pay taxes and enjoy hundreds of billions of blood money, endanger the countries chance to become a real democracy, where everybody has equal rights. At the end, British people decide their own fate, and if they enjoy being the subjects of some family, then who am I to tell them not to.

  17. @mrandersson2009

    December 28, 2023 at 1:18 am

    Without the monarchy Britain splits up and no more Common Wealth.

  18. @user-uz7dy5vi7u

    December 28, 2023 at 1:18 am

    simply sieze the land

  19. @orktv4673

    December 28, 2023 at 1:18 am

    Not to mention news value. The royal wedding, the death of the Queen, and the coronation of the King were topics that dominated even foreign news for weeks.

  20. @bradleyadams4496

    December 28, 2023 at 1:18 am

    A Romanesc Republic may reach Kardashev 1, but a modern republic is formed from the destruction of legacy, tradition, and historical relevancy, so it will fail to reach Kardashev 1. It will be a competition between people, and everyone has to give in, and no one gets to have any respect. It's very chaotic, every person's life eventually catches up to them because it is too exhausting being in authentic your entire life. No one away from the planet would be interested in maintaining a governmental relationship with said city-state republic, so the expansion outward into space will be rickety, and the people of the Republic will treat setting foot on Mars as proof that they are correct about everything, especially the things that people can prove them to be wrong about, because the trip to Mars will have been interpreted by the republic as it! We've done it! Now lets get back and have this accomplishment unite the people back home!
    A monarchy on the otherhand is a universal construct for life because it is predicated off family. It's just a civilization having utmost respect for family, and the families and the business spread to new worlds in a way that the democracy side of things is the democracy side of things, the important relationships between the families of this world with the family of that world is what allows of the monarchy to conquer the universe, and the reason why the republic construct was always doomed to failure.

  21. @yudithdm9302

    December 28, 2023 at 1:18 am

    People go to France for the food and the Eiffel Tower that is why the also visit Versailles. Britain is not known for their food or weather, they only have castles, like Scotland, yet tourist visit London more than Scotland.

  22. @smallbustboy

    December 28, 2023 at 1:18 am

    Is it not about time we had here in the UK, ower own version of the french revolution .

  23. @tobiasfrost86

    December 28, 2023 at 1:18 am

    Of course their a waste of $

  24. @leopard708

    December 28, 2023 at 1:18 am

    No.

  25. @marcelpenuelatraub2343

    December 28, 2023 at 1:18 am

    Brexit was probably due to the Arrogance of having a Royal Family at all

  26. @Thommadura

    December 28, 2023 at 1:18 am

    The fact is, the Royal Family is just another TOURIST ATTRACTION for Great Britain and should be judged based on the fact that they generate far more income to the country than the country spends on it so they are worth their position. Should that change, remember that once you cut them off, there is no going back.

  27. @josiestaunton6920

    December 28, 2023 at 1:18 am

    Well they all so bring a lot of money in to the country for sure

  28. @reactaerospace7689

    December 28, 2023 at 1:18 am

    Literally the monarchy is the stupidest shit a country can have, that’s why the United Kingdom won’t ever be a superpower, economically, military, or even culturally

  29. @dougmcg5414

    December 28, 2023 at 1:18 am

    Put all illegal imigrants in the cotswalds

  30. @dougmcg5414

    December 28, 2023 at 1:18 am

    Definitely

  31. @Skarix

    December 28, 2023 at 1:18 am

    If the institution of the monarchy were to be abolished, the family couldn't just keep their royal stuff. The Crown Estate etc. would, and should, fall into the hands of the government. So instead of getting 75% of the Crown Estate's profits, the UK government would now get 100%. The existence of the Crown Estate and the royal family's possession of it are arguments in FAVOR of abolition, not against it.

    The UK actively loses money by allowing them to take 25%. Cut out the middleman, oust the monarchy!

  32. @gabe415

    December 28, 2023 at 1:18 am

    Let the Brits have their monarchs.

  33. @tarny11

    December 28, 2023 at 1:18 am

    If they bring a lot for the economy they should be entitled to a percentage of that. The crown estate should be given back to the royals they should run it pay tax. People would still l visit the royals properties if we didn't have the monarchy. Other countries manage it.

  34. @MC-zr6gc

    December 28, 2023 at 1:18 am

    as an American, I can positively say, some people only go to UK to MAYBE, get lucky and get a peak at the borderline-inbred "royal" family. They actually really do. Back in 01' my parents took me on a bus tour of the UK( yes…a bus tour, Don ask why they thought that was a brilliant idea). Whelp, they wanted "just a glimpse". Personally, at 20 and now at 41, I never gave 2 craps. But for some reason…many people do. I can't explain it 🤷

  35. @pc4764

    December 28, 2023 at 1:18 am

    Of course it is. Even if you don't pay a penny for it. Its abusive. Just because someone pops out of the anointed womb, their whole life is prescribed. They have to live it playing road kill to the tabloid press' seagulls. Imagine telling a 5 year old that you will rule the world one day. Very bad parenting strategy. And for what? The amusement of the peasantry? Get a life people. Go watch a soap opera.

  36. @tajniak4335

    December 28, 2023 at 1:18 am

    The idea of making UK a republic is as absurd as making US a monarchy.

  37. @richardscaife1126

    December 28, 2023 at 1:18 am

    The royal family should exist as a legitimate establishment
    Long live the royal family!

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Politics UK

Why Can’t Young People Get Jobs?

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TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

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Gov UK Young People and Work: Interim Report
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Sam Freedman Why Do Prime Ministers Keep Failing
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Simon Nixon Very British Problems, Ungovernable Britain
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BBC News Is It Harder than Ever to be the Prime Minister
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CNN Is Britain Ungovernable
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New Statesman Has Britain become an Ungovernable Country
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Institute for Government Is the UK Ungovernable
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TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.

TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!

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