Sovereign Grant Bill — Clause 7 — Review Sovereign Grant Caluculation If Crown Estate Income Rises Faster than GDP — 14 Jul 2011 at 16:45
The majority of MPs voted against prompting a review of the amount paid by taxpayers to the Royal Household if the Crown Estate income, on which the amount of the payment is based, is rising faster than Gross Domestic Product.
MPs were considering the Sovereign Grant Bill. The amendment rejected in this vote was:
- Amendment 8, page 6, line 8, at end add
- ‘(6) The Trustees shall also review the percentage for the time being specified in Step 1 of section 6(1) as soon as practicable if, over the financial year immediately preceding the base year, the income account net surplus of the Crown Estate increased by more than the trend rate of GDP growth.
- (7) In subsection (6), “the trend rate of GDP growth” means the estimate of the trend rate of GDP growth most recently published by the Office for Budget Responsibility which is applicable to that year.
- (8) Subsections (2) to (4) shall also apply to a review carried out under subsection (6).’.
Had it not been rejected the amendment would have added the above text to the end of Clause 7 of the Bill titled Review by Royal Trustees of Sovereign Grant which sets out some of the duties of the Royal Trustees. The Royal Trustees are the Prime Minister, the Chancellor of the Exchequer and the Keeper of the Privy Purse.
Under section 6 of the Sovereign Grant Act 2011 the Sovereign Grant is based on 15% of the income from the Crown Estate. The rejected amendment sought to prompt a review of this percentage if the income rose by more than GDP.
The Sovereign Grant is paid by the Treasury to the Sovereign every year for the Royal Household to use to support the Sovereign's official duties
The amount of the Sovereign Grant for the financial year 2012-13 was £31 million.
-  Parliament's webpage on the Sovereign Grant Bill
-  Clause 7 of the Sovereign Grant Bill as at the time of the vote
MPs for which their vote in this division differed from the majority vote of their party are marked in red. Also shows which MPs were ministers at the time of this vote. You can also see every eligible MP including those who did not vote in this division.