James Devaney/WireImage(LONDON) — The Queen is getting a raise.
Queen Elizabeth II is expected to receive an 8 percent increase in income from public funding, according to the BBC.
The Sovereign Grant, which pays salaries for the royal household, is expected to be up just over £6 million (about $7.7 million) in 2018-2019, the BBC reports.
Sir Alan Reid, the Keeper of the Privy Purse, supports the pay boost, according to the BBC: “When you look at these accounts, the bottom line is the Sovereign Grant last year equated to 65p per person, per annum, in the United Kingdom.
“That’s the price of a first class stamp.
“Consider that against what the Queen does and represents for this country, I believe it represents excellent value for money.”
The increase in income will also cover extensive repairs on Buckingham Palace that are set to take 10 years. Lead pipes, cables, wiring, and boilers are expected to be replaced for the first time in 60 years as officials worry over fire hazards and possible water damage.
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