Why the Queen may be forced to reconsider the future of the Royal Family

  • We earn a commission for products purchased through some links in this article.
  • The Queen could be forced to rethink how the Royal Family function in the future as the monarchy deals with the current economic crisis.

    Why will the Queen need to reconsider the Royal Family’s future?

    Royal financier and author David McClure has claimed the Royal Family will have a difficult time regaining the profits lost thanks to coronavirus.

    He said: “In the short term the coronavirus crisis will directly eat into the money going into the Royal Family.

    “This applies particularly to things like visitor admissions to Buckingham Palace but to also Windsor Castle and some of the other palaces.

    “Even though some of the royal palaces have been opened up, they have really been hurt by the closure and loss of revenue.”

    He added: “In the medium-term, it is going to eat into the profits of the Duchy.

    “Not just the Queen’s Duchy, the Duchy of Lancaster, but also Charles’s Duchy, the Duchy of Cornwall.

    View this post on Instagram

    🌏 During her reign, The Queen has undertaken over 100 overseas visits and has hosted more than 100 international Heads of State in the UK, all in support of the diplomatic work of the Foreign and Commonwealth Office (FCO). . Last week, she spoke to staff from the FCO about their work following the COVID-19 outbreak. Her Majesty also saw a new portrait of herself unveiled which will greet visitors from around the world in the new Foreign Commonwealth and Development Office. The portrait will serve as a lasting tribute to The Queen’s service. . Her Majesty spoke to: . 🌏 Sir Simon McDonald, Permanent Under-Secretary of State for Foreign and Commonwealth Affairs and Head of the Diplomatic Service. 🖼 Miriam Escofet, Artist. 🇮🇳 Sanjibita Tariang from the British Deputy High Commission in Kolkata, India. 💉 Aletheia Bligh-Flower, who leads the FCO Vaccines team. . You can watch more footage of the call on our YouTube channel (link in bio).

    A post shared by The Royal Family (@theroyalfamily) on

    “Both those organisations have essentially issued profit warnings for next year.

    “They have said, this year we just got by, it came in too late, but next year it is going to be challenging.

    “The monarchy is certainly going to have less money coming in for the medium term but in the long-term that is more of an open question.”

    Addressing the long term impact, he added: “We will see whether it is going to make the monarchy reconsider how they connect with people.

    “Maybe the Royal Family will use Zoom and video links more than in the past.

    “This would also allow them to reduce their carbon footprint as they may not be flying as much.

    “Overall it is going to be difficult as the Royal Family has to be seen to believed.

    “The Queen is head of state not just of Britain but also of 15 other states.

    “The Royal Family do have to travel so it is going to be a tricky balancing act to see how in the long-term they respond to the coronavirus crisis.”

    Latest Stories