The Crown Estate, which owns property on behalf of the Queen, said profits rose to £240m from £231m in the year to March 31.
This means the Queen will be eligible for a payment of £36.1m next April to fund her official duties, a 16pc increase on the £31m paid by taxpayers to finance the Monarchy this year, despite the Government enforcing sharp public spending cuts elsewhere.
The increase follows changes made by the Coalition to how the taxpayer funds the Monarchy.
George Osborne, the Chancellor, has scrapped the Civil List, which financed the official duties of the Queen, and replaced it with a Sovereign Grant that is equal to 15pc of the Crown Estate’s annual profits.
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