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Started By
Message
Queen Elizabeth to obtain government bailout as real estate portfolio drops to $26 billion
Posted on 9/25/20 at 12:16 pm
Posted on 9/25/20 at 12:16 pm
quote:
The UK government will bail out Queen Elizabeth's estate following a significant slip in revenue during the COVID-19 pandemic.
Last week the Crown Estate announced more than a $107 million drop in the value of its rental portfolio, bringing it down to $26 billion, reports the London Economic.
The Crown Estate owns prime real estate in London and around the country, however rental income has dropped sharply since the outbreak of COVID-19 and subsequent lockdowns.
A spokesperson for the Treasury told The Independent that it will give the estate extra money to meet any shortfalls in profit.
"The revenue from the Crown Estate helps pay for our vital public services," said the spokesperson.
Robert Palmer, the head of Tax Justice UK, says the bailout will be "tough to stomach" for those who love the Queen but have lost jobs and businesses to the pandemic.
LINK
Have a monarchy in the year 2020, brehs.
21
Posted on 9/25/20 at 12:17 pm to Bench McElroy
Wow. Thank goodness for the Royal Family. The are such an asset to the people. 
Posted on 9/25/20 at 12:17 pm to Bench McElroy
shite, I’d need a bailout if mine went down to those levels too.
Posted on 9/25/20 at 12:18 pm to Bench McElroy
She deserves it, you don’t get to be queen by just being born lucky, you have to work hard
Posted on 9/25/20 at 12:18 pm to Bench McElroy
Sun is about to set on the empire for good.
Posted on 9/25/20 at 12:19 pm to Bench McElroy
quote:
Queen Elizabeth
quote:
$26 billion
WYHI?
Posted on 9/25/20 at 12:19 pm to Bench McElroy
Imagine being a common UK resident and defending this 
Posted on 9/25/20 at 12:20 pm to Bench McElroy
Wow
Posted on 9/25/20 at 12:20 pm to CapstoneGrad06
And just wait until she passes......
Posted on 9/25/20 at 12:20 pm to boosiebadazz
quote:
Imagine being a common UK resident and defending this
The tourism the crown brings to the UK is probably the majority of their tourism.
Posted on 9/25/20 at 12:21 pm to Bench McElroy
Eat Cake muhfrickas...
Posted on 9/25/20 at 12:21 pm to Bench McElroy
shite like this is how her predecessors managed to lose their heads.
Posted on 9/25/20 at 12:22 pm to Bench McElroy
quote:
Robert Palmer, the head of Tax Justice UK, says the bailout will be "tough to stomach" for those who love the Queen but have lost jobs and businesses to the pandemic.
That may be but he also must admit that she’s Simply Irresistible
Posted on 9/25/20 at 12:25 pm to boosiebadazz
quote:
Imagine being a common UK resident and defending this
I know right? They might as well piss away that money on welfare and public housing.
Oh wait.
Posted on 9/25/20 at 12:26 pm to dukke v
I firmly believe her heir is likely the last of the line.
Posted on 9/25/20 at 12:30 pm to Bench McElroy
quote:
Last week the Crown Estate announced more than a $107 million drop in the value of its rental portfolio, bringing it down to $26 billion, reports the London Economic.
Posted on 9/25/20 at 12:30 pm to Bench McElroy
double post
This post was edited on 9/25/20 at 12:31 pm
Posted on 9/25/20 at 12:30 pm to Bench McElroy
double post
This post was edited on 9/25/20 at 12:32 pm
Posted on 9/25/20 at 12:31 pm to boosiebadazz
quote:
Imagine being a common UK resident
Id have been super famous by this point in life if so. London is so accessible from anywhere there, as a music is my life teen, id have taken advantage.
This post was edited on 9/25/20 at 12:32 pm
Posted on 9/25/20 at 12:32 pm to Elleshoe
Support for this will take every kinda people.
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