So is Nicola Sturgeon planning ‘a quiet republican insurrection?’ The Times says so in a thundering leader today: Jacob Rees-Mogg has even outed the party as ‘closet republicans’. And why? Because the SNP is withholding £1.5m of funding that is due to the Queen. Or so we’re told.
The truth is a little more complex – and rather different. The money for the royal family does not come from the Crown Estate. It comes from HM Treasury, and under a formula set up in 2011 the Queen’s Budget is pegged to the profits of the Crown Estate (a kind of performance-linked pay, if you will. Very Tory).
The Crown Estate is the royal family’s sprawling property empire – an £8 billion kingdom of retail parks, hotels, farms, golf courses, Regent Street and the entire UK seabed.