Thread by @RepublicStaff

The Crown Estate does not fund the monarchy: A Guide.

The Crown Estate pays 100% of its profit to the treasury. This would continue in a republic. The government funds 100% of the Sovereign Grant. That would not continue in a republic.

It was George Osborne and the Coalition government who, in 2011, invented the Sovereign Grant and created a link to Crown Estate profits.

But the link is nothing more than a calculation the treasury makes to determine how big the grant should be. And it's only a ratchet clause. If CE profits fall the grant remains the same as previous years. If CE profits rise then the size of the grant goes up.

Not because any case has been made for the royals having a bigger budget, but because George Osborne decided to link the grant to a state property portfolio. It would make just as much sense to link it to the price of Cheerios.

The Crown Estate says:

"The Act does not affect the managerial or operational functions of The Crown Estate or the way they are performed. We will continue to give our entire annual surplus (net profit) to the Treasury....

... The Act simply provides a mechanism that will be used by the Treasury to determine the amount of Government funding for the Monarch by reference to the amount of our annual surplus."

thecrownestate.co.uk/en-gb/resource…

The Crown Estate is owned by "The Crown" (the clue is in the name). This is often styled as The Monarch By Right of the Crown, which is another way of saying it comes with the job. But that has no practical meaning. The Crown Estate and the Crown are governed by parliament.