He said: By the late 1960s the monarchy was running into the red. The Civil List, voted at the beginning of the Queen’s reign, was no longer sufficient to cover the costs of running the public affairs of the monarchy. The Civil List Act of 1972 sought to rectify these circumstances through increasing monies given, and facilitating future reviews of the situation.
Queen Elizabeth II in the House of Lords in 1970 (Image: GETTY)
Given the circumstances, Mr MacMarthanne claims that revealing the Queen s personal wealth at that time risked causing public outrage.
He said: At a time of increasing economic and political uncertainty, and having claimed poverty for the institution, it would be most unfortunate for the investments held by the Queen to become known, and through which her private wealth ascertained making clear the extent of her exceptional wealth.
| UPDATED: 23:04, Mon, Feb 8, 2021
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Documents from the National Archives have stated the monarch s own private lawyer, Matthew Farrer, lobbied the Government to make a change to an upcoming piece of legislation. Using the parliamentary procedure called the Queen s consent, it is claimed she stopped the publication of her true wealth after ministers included a clause in the Companies Bill, according to a report from The Guardian. The Queen s consent must be sought before legislation is brought before ministers in Parliament when it relate
Following his retirement in 2017, Prince Philip chose to base himself at Wood Farm on the Sandringham Estate full time.
The Duke of Edinburgh is understood to have enjoyed a quiet time away from the royal bubble and is said to have spent it going for long walks and watercolour painting.
While the Queen and Philip had become used to spending weeks and even months apart following his step away from public life they have been back living together full time since last March.
Although the Queen has not visited Sandringham since the summer the estate has been put to use by Kate, Duchess of Cambridge, 39, and Prince William, 38.
| UPDATED: 09:36, Tue, Jan 26, 2021
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Queen Elizabeth II, 94, is the constitutional head of the United Kingdom and the presiding sovereign of England, Wales, Northern Ireland and Scotland. The Queen paid tribute to Scotland on social Monday as the nation marks Burn s Night, days after the Scottish National Party (SNP) revealed its roadmap to a referendum , outlining its plan to seek a new independence vote.