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What The Guardian Doesn’t Tell Us About The Crown Estate

An interesting little omission from The Guardian here:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] Scores of complaints have been made about rented properties on royal land and tenants have faced more than 100 evictions, a Guardian investigation has found, prompting anger over how the Queen’s £14bn property portfolio is managed. The crown estate, which helps bankroll the Queen by giving the monarch 25% of its profits, has sought to evict 113 tenants in the past five years so they can sell their homes for profit. [/perfectpullquote]

Gives isn’t quite the right word there. It’s a deal – the Crown hands over the estate on a reign by reign basis, gets back a certain portion of the revenues.

The bit that’s being left out of course is who gets the other 75% of the profits? The Treasury.

So, the actual complaint is that tenants are being screwed to pay for diversity advisers. Odd The Guardian doesn’t put it that way really.

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5 years ago

If the tenants were being screwed the Crown Estate would make more money from rental income than from evicting them and selling the houses.
Guardian and logic, never the twain shall meet

5 years ago

‘has sought to evict 113 tenants in the past five years so they can sell their homes for profit.’

Selling the property or selling the leases to new tenants who can afford higher rents? The Crown Estates makes its income from rents. It seems unlikely it needs to liquidate its assets to get capital, thereby reducing its future income potential.

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