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Spending on monarchy up by £900,000 to £33.3m

Government spending on the monarchy rose by almost £1m to £33.3m in the last financial year, Buckingham Palace accounts have revealed.

The Queen's official expenditure increased by £900,000 in 2012-13, compared to the previous 12 months.

Sir Alan Reid, Keeper of the Privy Purse, said the figure was a "real terms reduction".

Public money used to fund the Royal Family, known as the Sovereign Grant, is expected to rise to £36.1m in the current financial year and £37.9m in 2014-15.

Nicholas Witchell reports.

  • 27 Jun 2013
  • From the section UK