The Financing of the Monarchy
The Financing of the Monarchy
The financing of the monarchy has always had constitutional implications. Indeed, control of finance was the crucial issue in the battles between the king and the parliament in the seventeenth century. Today, the financing of the sovereign and the Royal Household is complex. It is designed to ensure that the sovereign is largely, though not wholly, dependent upon Parliament for money. A careful balancing is needed. But the presentation of the royal accounts is far too opaque and more transparency is needed.
Keywords: constitution, constitutional monarchy, finance, ministerial responsibility, open government, parliamentary government, royal accounts, Royal Household
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