LogFAQs > #980235722

The monarchy is gross but they technically turn a profit for government. The whole "leech" stuff is more or less not true:
https://www.investmentmonitor.ai/features/how-much-money-does-the-monarchy-bring-to-the-uk/

The Accounts for the Sovereign Grant, which funds the Queen and her households official expenses, released a report in the summer of 2022, showing that the monarchy cost the taxpayer 102.4m ($114.6m) during the 202122 financial year an increase of 17% from the previous 12 months.

According to Brand Finance, the UK monarchys capital value as a business sits at 67.5bn, while its annual contribution to the UK economy was 1.76bn in 2017 alone. Meanwhile, for the taxpayer, the annual cost per head is roughly 1p a day.

The [monarchys] contribution includes the Crown Estates surplus as well as [its] indirect effect on various industries, said Brand Finance in a press release. The respect for the institution boosts the price and volume premium of brands boasting a Royal Warrant or a Coat of Arms; the appeal of pomp and circumstance set in living royal residences draws millions of tourists; the mystique surrounding the Monarchy adds to the popularity of shows like The Crown and Victoria that offer a glimpse of the private lives of the Royal Family.

The monarchys near 2bn uplift for the UK economy has not decreased since 2017, according to Konrad Jagodzinski of Brand Finance. Royal endorsements for products and the royal coat of arms are extremely important as a seal of quality, from biscuits to luxury items, he says. We found that US consumers are significantly more likely to buy a certain brand if it was seen to be endorsed by royals.