Sovereign Grant
Commons · Question 14798 · Tabled 18 Nov 2024 · Treasury · Official record
Answered 26 Nov 2024
Question
Asked by Ian Byrne
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of ending the Sovereign Grant and redirecting those funds to help tackle increases in the cost-of-living for low income households.
Answer
Answered by Darren Jones, 26 Nov 2024
Under the Sovereign Grant Act 2011, the Sovereign Grant is determined in accordance with a formula. That formula operates with a reference to a percentage of The Crown Estate’s profits two financial years previously. The percentage is currently set at 12 ...