Richard Quigley: HMT: Written Answers (1)

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Written Question

Sovereign Grant

Friday 9th January 2026

Asked by: Richard Quigley (Labour - Isle of Wight West)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how often HM Treasury reviews (a) the level of the Sovereign Grant, and (b) what criteria are used in that review.

Answered by James Murray - Chief Secretary to the Treasury

The requirements for reviewing the Sovereign Grant have been set by Parliament in the Sovereign Grant Act 2011, sections 6 and 7.

The Government has also committed to bring forward legislation to reset the Grant to a lower level from 2027-28 once Buckingham Palace Reservicing works are completed.