Written Question·Treasury·UIN 14798
Sovereign Grant
Tabled: 18 November 2024
Answered: 26 November 2024
Question
Ian Byrne
Labour — Liverpool West Derby
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of ending the Sovereign Grant and redirecting those funds to help tackle increases in the cost-of-living for low income households.
Answer
Darren JonesUnder the Sovereign Grant Act 2011, the Sovereign Grant is determined in accordance with a formula. That formula operates with a reference to a percentage of The Crown Estate’s profits two financial years previously. The percentage is currently set at 12 ...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 14798) →