I mean, I’m not here to argue that the monarchy is very important, but it certainly provides amongst other things: an element of cultural backward compatibility

I mean, I’m not here to argue that the monarchy is very important, but it certainly provides amongst other things: an element of cultural backward compatibility, a reliable tourist attraction, a small element of continuity and temperance to government, a bunch of figureheads and symbolic leaders, and another thread in the rich tapestry that makes a nation unique. Also, the current royal family knows that they would be about two hours away from a republic being declared if they were ever to abuse their position, and as a result they are reasonably public spirited, insofar as billionaires go.