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The Monarchy and the Constitution$
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Vernon Bogdanor

Print publication date: 1997

Print ISBN-13: 9780198293347

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198293348.001.0001

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The Financing of the Monarchy

The Financing of the Monarchy

Chapter:
(p.183) 7 The Financing of the Monarchy
Source:
The Monarchy and the Constitution
Author(s):

Vernon Bogdanor (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198293348.003.0007

The financing of the monarchy has always had constitutional implications. Indeed, control of finance was the crucial issue in the battles between the king and the parliament in the seventeenth century. Today, the financing of the sovereign and the Royal Household is complex. It is designed to ensure that the sovereign is largely, though not wholly, dependent upon Parliament for money. A careful balancing is needed. But the presentation of the royal accounts is far too opaque and more transparency is needed.

Keywords:   constitution, constitutional monarchy, finance, ministerial responsibility, open government, parliamentary government, royal accounts, Royal Household

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