Mudcat Café message #2952111 The Mudcat Café TM
Thread #131011   Message #2952111
Posted By: Smokey.
25-Jul-10 - 06:39 PM
Thread Name: BS: Is Monarchy Obsolete in the UK?
Subject: RE: BS: Is Monarchy Obsolete in the UK?
The Civil List costs the British economy/treasury/taxpayer about 8m a year, the majority of which is paid out in wages, and in return the Crown Estate contributes all its profit which is about 190m per year and employs hundreds of people. The Royal family and all their employees also pay income tax. That is a massive contribution to the economy of this country.

Thanks to thirty or more years of political incompetence we have virtually no manufacturing industry left to create new wealth and the majority of the population is hugely in debt, owing money that can ultimately only be found by printing more and effectively devaluing everyone else's. A frightening number of those are employed in artificially created 'jobs' which simply use up resources and produce nothing.

In the current economic climate it would be insane to scrap the Royal family, they are far from obsolete.