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<\/a><\/p>\nTaxpayers in the United Kingdom are paying more money than ever for\u00a0the Royal Family<\/a><\/strong><\/span>.<\/span><\/p>\n The latest\u00a0Sovereign Grant accounts<\/strong><\/span><\/a>\u00a0<\/strong><\/span>were published early last week and they show that\u00a0the monarchy cost \u00a367 million ($86 million) in 2018-19 \u2013 a 41 percent increase on the previous financial year.<\/span><\/p>\n Statista\u2019s Niall McCarthy notes<\/strong><\/span><\/a> one interesting aspect of the accounts is that Frogmore Cottage cost \u00a32.4 million of public money to renovate. The official residence of Prince Harry and Meghan Markle, the cottage was given to the couple as a gift by the Queen.<\/span><\/p>\n In a nutshell, the complicated system of funding the monarchy works when the UK government makes a payment called the Sovereign Grant to the Royal Household every year.<\/span><\/p>\n Its value is determined by how much money the Crown Estate real estate portfolio has brought in. That total added up to \u00a382 million this year with a sizeable chunk of that money added to cover renovation work at Buckingham Palace.<\/span><\/p>\n Of that total, the monarchy spent \u00a367 million on official duties\u00a0including travel<\/a><\/strong><\/span>\u00a0as well as other costs such as staff and property maintenance.<\/span><\/p>\n