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| Spending on monarchy up by £900,000 to £33.3m | |
| (about 1 hour later) | |
| Government spending on the monarchy rose by almost £1m to £33.3m in the last financial year, Buckingham Palace accounts have revealed. | |
| The Queen's official expenditure increased by £900,000 in 2012/13, compared to the previous 12 months. | |
| Sir Alan Reid, Keeper of the Privy Purse, said the figure was a "real terms reduction" in spending. | Sir Alan Reid, Keeper of the Privy Purse, said the figure was a "real terms reduction" in spending. |
| The grant paid to the monarchy is calculated as 15% of money paid by the Crown Estate to the government. | |
| The estate, which includes property across the UK, increased its profits by 5% to £252.6m in 2012/13. | |
| The Queen's official expenditure excludes the costs of police and army security and armed services ceremonies. | |
| Sir Alan said: "The royal household has continued to reduce its expenditure funded by the taxpayer in successive years since 2008-9, achieving a real terms reduction of 24% over the last five years." | |
| Public money used to fund the Royal Family, known as the Sovereign Grant, is expected to rise to £36.1m in the current financial year and £38m in 2014/15. | |
| Sir Alan said a "significant part" of the increase for the current year will be used to "tackle a backlog in essential property maintenance at the working royal palaces". |