Hereditary rule should not feature in a democracy.
Imagine if Andrew had been the eldest.
The King is being applauded for his £12M income tax payment. On what income? Not disclosed.
I would like the same arrangement- not declare my income but pay a voluntary contribution.
The sovereign grant has been doubled to £100M - very helpful!
Last year the Duchies of Lancaster and Cornwall made £27.4M for the King and 23.6M for the Prince of Wales.
They are exempt from corporation tax.
They are exempt from capital gains tax.
The duchies are worth £1.8 Billion and are owned by the King and Prince William. They are exempt from inheritance tax.
I hesitated in writing this, since it’s not really about Hebburn, but we often see comments from certain board contributors who are fans of the monarchy. I am just giving an opposing view.