👑 The Queen's Estate

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• Prices accurate as of approximately Wednesday 4:30PM BST.

👑 The Queens Estate

It's always sad when someone dies. But honestly, I don't really comprehend the level of 'mourning' that is taking place for the Queen. She was 96. She had a great life. We all have to go sometime.

Anyway, now that I've guaranteed at least a little bit of hate mail, let's talk about the money.

As you might expect, the normal rules don't apply to the House of Windsor. For starters, they don't have to pay inheritance tax. That's right, back in 1993 the government agreed that the royal family would get a pass on the hefty 40% IHT bill, forever.

Not a bad deal.

Especially when you consider that the IHT bill could have been in the region of £170 million. While the financials of the queen aren't a matter of public record, there have been a number of estimates made through the years.

Forbes and The Sunday Times Rich List have both put her wealth in the region of £400 - £430 million. And that's just her own personal wealth.

The Crown Estate

If you include all of the wealth of the Crown itself, the number skyrockets to almost £25 billion. While these assets are owned by the royal family, they are technically under the control of the British Government.

Kind of like when your parents bought your first car. It was yours, but if you acted like too much of a little shit it could have been taken off you.

The income generated from this £25 billion is paid to the Government, and they then give the royal family back about 25% of the profit. Last year, that was about £85 mil.

On top of that, the government also pays for the security costs for the royal family, which has been a real pisser for Harry and Meg's because they're now having to foot the bill themselves now they're not 'in' the royal family.

The Duchy of Lancaster

Just like late-night infomercials say, but wait, there's more. The monarch also owns this estate, which covers land holdings a bloody massive area that includes various castles, estates and even care homes, hotels and schools.

The whole lot is worth over £800 mill and generates almost £25 mil in additional income for the queen, and now the King.

This property is automatically passed to King Charles, and in turn the Duchy of Cornwall goes to Will.

By the way, all of this income is tax free, as are any capital gains they make.

🏠 What Income Level is Needed for a £500k Mortgage?

🎈 Inflation is....Down!

Well, kind of. It's still a sky high 9.9% over the past 12 months, but that's out of the double digits 10.1% that it was last month.

The main driver in the decrease is the fact that fuel prices have come back down to earth, after the price jumped over £2 for a while there.

It's not all good news, with food, drinks and clothing all continuing to rise. It's important to keep in mind that these figures are based off a select basket of goods that may, or may not, match what your household spends money on.

For example, in 2022 they Office of National Statistics added some new items to the basket, which included sports bras and dog collars, while removing coal (why the fuck was coal in there in the first place?) and mens suits.

Still, the Bank of England remains in a tight spot with raising rates the default option to lower inflation, but the economy not necessarily going gangbusters either.

🌏 Snippets

• Center Parcs performs quick u-turn on kicking guests out for the day of the Queen's funeral, even if they'd already checked in.

• No sausage McMuffins on funeral day guys. All McDonald's will be shut until 5pm.

• Tesla releases the Cyberwhistle which you can only buy with Dogecoin. It's already fuckin' sold out 😂

• The US stock market has tanked with the latest inflation figures higher than expected.

• Google has had their £3.5 billion fine upheld by the European Court after their appeal failed. The anti-trust fine stems from them forcing Android users to install Google Search and Chrome apps in order to use the Google Play Store.

See you next week 🚀

Jason