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<blockquote data-quote="Y Fan Wen" data-source="post: 7804283" data-attributes="member: 741"><p>'The abolition of the Civil List was announced in the spending review statement to the <a href="https://en.wikipedia.org/wiki/House_of_Commons_of_the_United_Kingdom" target="_blank">House of Commons</a> on 20 October 2010 by the <a href="https://en.wikipedia.org/wiki/Chancellor_of_the_Exchequer" target="_blank">Chancellor of the Exchequer</a>, <a href="https://en.wikipedia.org/wiki/George_Osborne" target="_blank">George Osborne</a>. In its place, he said, "the Royal Household will receive a new Sovereign Support Grant linked to a portion of the revenue of the Crown Estate". The <a href="https://en.wikipedia.org/wiki/Crown_Estate" target="_blank">Crown Estate</a> is a <a href="https://en.wikipedia.org/wiki/Statutory_corporation" target="_blank">statutory corporation</a>, run on commercial lines by the Crown Estate Commissioners and generates revenue for <a href="https://en.wikipedia.org/wiki/HM_Treasury" target="_blank">HM Treasury</a> every year (an income surplus of £210.7 million for the year ended 31 March 2010).<a href="https://en.wikipedia.org/wiki/Civil_list#cite_note-9" target="_blank">[9]</a> This income is received by the Crown and given to the state as a result of the agreement reached in 1760 that has been renewed at the beginning of each subsequent reign. The <a href="https://en.wikipedia.org/wiki/Sovereign_Grant_Act_2011" target="_blank">Sovereign Grant Act 2011</a> received <a href="https://en.wikipedia.org/wiki/Royal_assent" target="_blank">royal assent</a> on 18 October 2011. Under this Act, the Sovereign Grant now funds all of the official expenditure of the monarchy, not just the expenditure previously borne by the Civil List.'</p><p>Wikipedia</p></blockquote><p></p>
[QUOTE="Y Fan Wen, post: 7804283, member: 741"] 'The abolition of the Civil List was announced in the spending review statement to the [URL='https://en.wikipedia.org/wiki/House_of_Commons_of_the_United_Kingdom']House of Commons[/URL] on 20 October 2010 by the [URL='https://en.wikipedia.org/wiki/Chancellor_of_the_Exchequer']Chancellor of the Exchequer[/URL], [URL='https://en.wikipedia.org/wiki/George_Osborne']George Osborne[/URL]. In its place, he said, "the Royal Household will receive a new Sovereign Support Grant linked to a portion of the revenue of the Crown Estate". The [URL='https://en.wikipedia.org/wiki/Crown_Estate']Crown Estate[/URL] is a [URL='https://en.wikipedia.org/wiki/Statutory_corporation']statutory corporation[/URL], run on commercial lines by the Crown Estate Commissioners and generates revenue for [URL='https://en.wikipedia.org/wiki/HM_Treasury']HM Treasury[/URL] every year (an income surplus of £210.7 million for the year ended 31 March 2010).[URL='https://en.wikipedia.org/wiki/Civil_list#cite_note-9'][9][/URL] This income is received by the Crown and given to the state as a result of the agreement reached in 1760 that has been renewed at the beginning of each subsequent reign. The [URL='https://en.wikipedia.org/wiki/Sovereign_Grant_Act_2011']Sovereign Grant Act 2011[/URL] received [URL='https://en.wikipedia.org/wiki/Royal_assent']royal assent[/URL] on 18 October 2011. Under this Act, the Sovereign Grant now funds all of the official expenditure of the monarchy, not just the expenditure previously borne by the Civil List.' Wikipedia [/QUOTE]
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