(9 years, 11 months ago)
Commons ChamberThe Crown Estate was a brilliant way of settling the issue. It is of course just one way, and we have tried other methods, but the civil list, for instance, ended up failing as a method of paying for the Crown because of inflation. It had historically been set for the lifetime of a sovereign and was done once in a reign, but inflation bit into that and the amount granted to the Queen in 1952 became so small 20 years into her reign that it needed to be increased. The great advantage of the Sovereign Grant Act is that it took the detailed petty politics out of ensuring we have a monarchy that is funded to do what we want our monarchy to do.
Is it not the case that the reduction in subsidies to onshore wind and other renewable energies is likely to have a bigger impact on the setting of the sovereign grant than anything we are likely to do in Holyrood?
Hon. Members may have got the impression that I am a monarchist; I think there are few things more important in this nation than the monarchical system that we have. None the less I am consistent in my capitalist views; I do not want even my sovereign to benefit from subsidies that are paid by the Government and fall on the backs of hard-pressed people in North East Somerset who cannot afford their energy bills. I am not that much of a monarchist.