1 Lord Fellowes debates involving HM Treasury

Sovereign Grant Bill

Lord Fellowes Excerpts
Monday 3rd October 2011

(12 years, 7 months ago)

Lords Chamber
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My Lords, first, I declare an interest as a holder of an honorary appointment in the Royal Household. In my view, these new arrangements for a sovereign grant have much to recommend them. First, they keep the correct constitutional relationship between sovereign and Parliament in that Parliament retains ultimate control, in general terms, of the funding of the sovereign, a relationship underscored by the auditing of the figures involved by the National Audit Office. However, at the same time they release both parties from a system that over the years has become convoluted and clogged up with unnecessary detail. This simplification process, whereby a single grant takes the place of different grants from different departments, dealt with at different times and with differing frequency, must be a great step forward.

Without wishing to repeat what has been said before, there are two particular points that I regard as being important improvements. First is the ability of the Royal Household to build a reserve, monitored by the royal trustees, which can be drawn down in years when, for one reason or another, the household is in deficit. The other point I particularly commend is the tidying up of the anomaly whereby the income from the Duchy of Cornwall can go only to the eldest son of the sovereign as heir to the throne.

All in all, this legislation is both timely and efficient. It provides for an institution founded on permanence and the assurance of a long-term, fair and flexible method of funding by successive Governments who are, in the nature of democracy, themselves ephemeral.