The royal household was charged by the PAC in 2009 to generate more income to supplement the funding it receives from Government. This has been done successfully. In 2012-13 the Household generated £11.6 million in comparison with £6.7 million in 2007-8. Work on income generation continues.
A significant financial priority for the royal household is to reduce the backlog in essential maintenance across the occupied royal palaces. Recent examples of work include the renewal of a lead roof over the royal library at Windsor and the removal of asbestos from the basement of Buckingham Palace. The need for property maintenance is continually assessed.
More top news
An earthquake has hit the Italian resort island of Ischia, killing at least one person and trapping around six others.
Rain in the north tonight, cloudy and humid in the south
Britain is to set out proposals to ensure that cross-border legal disputes are dealt with in a "fair and sensible way" after Brexit.