4 ms·
This isn't just a historical phenomenon, given that the Millennium Dome (opened in 2000) was also granted one. I wonder what the point of it is - are local gove
by sleavey 7y ago
This isn't just a historical phenomenon, given that the Millennium Dome (opened in 2000) was also granted one. I wonder what the point of it is - are local governments in the UK not allowed to gift or sell land, only lease it?
- jameskilton 7y agoIIRC it's a significant source of income for the British Royal Family. They own a lot of land.
- ValentineC 7y agoUK land is technically "owned" by the Crown Estate [1], and revenue goes to the British government. The royal family get a percentage of this (called the Sovereign Grant [2]; née Civil List [3]). [1] https://www.thecrownestate.co.uk/en-gb/resources/faqs/ https://www.thecrownestate.co.uk/en-gb/resources/faqs/ [2] https://en.wikipedia.org/wiki/Sovereign_Grant_Act_2011 https://en.wikipedia.org/wiki/Sovereign_Grant_Act_2011 [3] https://en.wikipedia.org/wiki/Civil_list#United_Kingdom https://en.wikipedia.org/wiki/Civil_list#United_Kingdom