Sovereign Grant
Lords · Question HL5095 · Tabled 24 Feb 2025 · Treasury · Official record
Answered 26 Feb 2025
Question
Asked by Lord Foulkes of Cumnock
To ask His Majesty's Government whether they intend to reset the level of the Sovereign Grant once the reservicing works in Buckingham Palace have been completed.
Answer
Answered by Lord Livermore, 26 Feb 2025
As required by the Sovereign Grant Act 2011, the next review of the Sovereign Grant will take place in 2026. The government has committed to bring forward legislation to reset the Grant to a lower level from 2027-28 once Buckingham Palace reservicing work...