Did the king just get a pay rise? How the crown estate and the royal family’s income work

By Philip Murphy, Director of the Institute of Commonwealth Studies and Professor of British and Commonwealth History, School of Advanced Study, University of London

The crown estate has just published its accounts for the last year, revealing record profits. This news was accompanied by indignant headlines about a massive pay rise for the royal family.

But behind these headlines is a much more complex picture. And as with so many aspects of the British monarchy, some very arcane laws and institutions…

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