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Topic: Queen Elizabeth II's death may pose financial constraints for King Charles III (Read 178 times)

legendary
Activity: 3444
Merit: 10558
I'm not certain british royals perform any significant function in the modern era.
AFAICT it is quite the opposite. The monarchy has all the power in the country. From appointing the prime minister and the parliament to their day to day reports to the monarchy and not doing anything without their say so. From the ability to shut down the entire government from all ministries to the parliament itself to full control over the armed forces.
sr. member
Activity: 2002
Merit: 314
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It has a huge effect on the financial status of huge countries but it will only take time for them to heal and adjust and I'm sure that things will still get back to normal in the coming months. Queen Elizabeth is a big loss but things shouldn't stop and end there. The UK has to move forward and stand firm especially since we're all amid an economic crisis.
The death of the Queen really sad but then again, this is already anticipated and UK government already prepared for this years ago. I’ve seen a documentary about how UK will take action once the queen died and now they are doing it the so called Operation London Bridge. Financial problem will be there but I know UK will still stand firm with their new king but for now let them mourn first.

they've been enjoying their riches for the past decades. so for me, we should not really be worried about this. there are other things to worry about in this world. they should know by now how to handle this potential problem, and know what to do next. for sure, at some point they discussed what will happen if the Queen died. right?
This is not just about the royal family, we are talking about financial problem here in UK itself and looking at their economy and inflation rate, they are really on a critical stage where they can also experience recession. Yes, I also believe they already prepared for this one though with the trust of the public to King Charles, I think that is one of the problem. Let’s see if King Charles will give up the throne to Prince Charles as the rumor said just to save the monarchy since younger King are more fit to do his duties, let’s see.
legendary
Activity: 2562
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I'm not certain british royals perform any significant function in the modern era. Aside from being residents and caretakers of their historical estates. And attending celebrity social functions. They're more figureheads and offiicial spokespersons today. Than legitimate royalty. The most interesting thing I've heard about the british royal family is they're not allowed to play the monopoly board game. Due to games becoming too competitive and bloodthirsty?

For a family of monarchs they do not appear to have much ambition. They appear content to be paraded about as an example of monarchy and democracy co-existing within the same state.

I would guess they already have financial constraints in place to prevent them from becoming too involved in politics or amassing enough wealth and power to upset the power balance between parliament and the monarchy. Similar to the versailles treaty restricting germany's economy post World War I.

From what little I know of Queen Elizabeth II, she seemed like a lovely person for a monarch.

There are memes comparing King Charles III and his wife with Joe Biden and the 1st Lady. They do look remarkably similar in their appearance.
legendary
Activity: 3066
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It has a huge effect on the financial status of huge countries but it will only take time for them to heal and adjust and I'm sure that things will still get back to normal in the coming months. Queen Elizabeth is a big loss but things shouldn't stop and end there. The UK has to move forward and stand firm especially since we're all amid an economic crisis.
The death of the Queen really sad but then again, this is already anticipated and UK government already prepared for this years ago. I’ve seen a documentary about how UK will take action once the queen died and now they are doing it the so called Operation London Bridge. Financial problem will be there but I know UK will still stand firm with their new king but for now let them mourn first.

they've been enjoying their riches for the past decades. so for me, we should not really be worried about this. there are other things to worry about in this world. they should know by now how to handle this potential problem, and know what to do next. for sure, at some point they discussed what will happen if the Queen died. right?
full member
Activity: 2086
Merit: 193
It has a huge effect on the financial status of huge countries but it will only take time for them to heal and adjust and I'm sure that things will still get back to normal in the coming months. Queen Elizabeth is a big loss but things shouldn't stop and end there. The UK has to move forward and stand firm especially since we're all amid an economic crisis.
The death of the Queen really sad but then again, this is already anticipated and UK government already prepared for this years ago. I’ve seen a documentary about how UK will take action once the queen died and now they are doing it the so called Operation London Bridge. Financial problem will be there but I know UK will still stand firm with their new king but for now let them mourn first.
hero member
Activity: 2884
Merit: 794
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problems like this must have been foreseen long before the death of Queen Elisabeth, so I think it will certainly be no problem for King Charles III if he can follow the scenario that has been set.. hopefully the UK can get through this recession
I hope that is the case however I'm not so sure anymore, recently we have seen videos of the King Charles getting really mad just because he got some ink on his hands, so it seems that he has some character flaws that can be exploited by others and this is never good for the people that eventually have to follow his ruling, Queen Elizabeth lived through a very tumultuous time and this shaped her character, so it is quite possible that King Charles has been shaped as well by the incredibly long amount of time he had to wait in order to become King.
hero member
Activity: 3038
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I predict that the economic situation in UK will get worse before it gets better. Charles is an absolute idiot who luckily became the King and is way, way less popular when compared to his mother.

This is why I feel that he will worsen their economic situation in their country due to his inability to take correct decisions at correct times.
hero member
Activity: 1862
Merit: 830
Some countries who considers the British Monarchy as the State Head are honestly also rethinking, the whole system and are trying to honestly try and get out of it after Queen Elizabeth's Death. Therefore I do think that it's indeed very complicated situation for UK as well since most of them are undergoing problems regarding:
1. Covid
2. Job instability
3. Massive inflation certain percentage due to war as well
People are honestly looking for ways to take care of their families as well, I do think that Monarchy is not only loosing their grip but at the same time in countries like, UK hold it very dear sa well therefore I do think Queen's death might not be responsible for majority of the crisis.
hero member
Activity: 2800
Merit: 595
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I think the monarchy have a lot less "teeth" than what they had before, the Prime minister and the the House of Lords and the House of Commons are governing the UK now. The "crown" is just a legacy of the past that are uphold for traditional reasons.  Roll Eyes

In any way, the decision to postpone all Sport in the UK last weekend, had a significant financial affect on the global economy... if you look at the money that they have lost. (Bookmakers and Sport stadiums etc...)  Roll Eyes

Sports event and anything else is not important. In fact is no news flash about anything else like energy crisis in UK but the Queens death. I can understand  they are mourning though. Peace be upon her.

But its also true that Windsors monarchy is not as what it was before. There were even discussions already that US will tax the Windsors since the kids of Megan had now ranked to which by the way are Americans. Giving the US the right to tax the Royal kids.
legendary
Activity: 3430
Merit: 1957
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I think the monarchy have a lot less "teeth" than what they had before, the Prime minister and the the House of Lords and the House of Commons are governing the UK now. The "crown" is just a legacy of the past that are uphold for traditional reasons.  Roll Eyes

In any way, the decision to postpone all Sport in the UK last weekend, had a significant financial affect on the global economy... if you look at the money that they have lost. (Bookmakers and Sport stadiums etc...)  Roll Eyes
member
Activity: 173
Merit: 74
I don't really see where her death poses Charles any financial constraints.  If anything, he will be greatly enriched from a royal inheritance.  So for him individually, his finances, while not bad at all, have dramatically improved along with his wealth.

I think the same. Besides, monarchies usually receive an allowance from public budgets, like 40 million pounds or so. If anyone wants to know the specific figure, it is published in the budgets.

The only thing that could happen is that his allowance could be reduced a bit, but he is not going to starve to death, apart from all the wealth he has inherited....
hero member
Activity: 2338
Merit: 585
I don't really see where her death poses Charles any financial constraints.  If anything, he will be greatly enriched from a royal inheritance.  So for him individually, his finances, while not bad at all, have dramatically improved along with his wealth.
legendary
Activity: 3066
Merit: 1049
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it got me thinking the other day when someone said in the other thread that UK is very backwards because they are still in monarch. King's decisions still reflects PM's decision. if liz truss does the same as the previous boris johnson, the economic crash will still go on.

energy crisis starts the cause of street protest. its going to be hard to control anymore when the entire country is unsatisfied with how they govern. this winter could be more devastating to entire Europe.

legendary
Activity: 1736
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The expressions of respect through official channels of several countries in the assumption of  tributes formalities in each of these countries is something unprecedented, that demonstrates the leadership that the Queen represented at a global level.

 On the other hand, his son has reformist ideals as is known, and intends to modernize the monarchy, in any case he has his heir son as the card up his sleeve to give up the crown in case things do not look good economically , it would be difficult to see him abdicate, but it would be part of his ideals of modernization in the traditional rules.
full member
Activity: 1297
Merit: 126
It’s bad news for most of people from United Kingdom.But we should way forward on the bad incident.The parliament of the UK will take care of the financial stability of the country.Most of the people with less knowledge about the UK will think,their will be instability after the death of the queen.But the crown is just a nominal head and parliament is the real head ,which take care of the economy of the country.
UK is already suffering from a big financial problem with a high inflation as well, and we will see that effect in the coming months since many are still didn’t know what will happen after the death of the queen, that’s a normal reaction of the market though. There’s a king already and they did that to stabilize everything, if something goes wrong then it’s not on the monarchy anymore maybe their government is really having a hard time taking control of their economy. There’s a lot of issues going on, they have to address that issues.
sr. member
Activity: 1313
Merit: 302
It’s bad news for most of people from United Kingdom.But we should way forward on the bad incident.The parliament of the UK will take care of the financial stability of the country.Most of the people with less knowledge about the UK will think,their will be instability after the death of the queen.But the crown is just a nominal head and parliament is the real head ,which take care of the economy of the country.
hero member
Activity: 1582
Merit: 722
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While I do not know exactly how the death of Queen Elizabeth will impact the economy, I am certain that it will because we all know that she was the world's most powerful woman and that she had several countries under her control indirectly, and we all know that this will impact the economy, especially in these countries, in a negative way. We are still unsure how King Charles III is going to govern and what his economic plan will be if he has any so far. On the other hand, we have no information about how he is going to govern, but even after all these things, we still do not know exactly how it will affect us. In my opinion, however, the effect will only be temporary and for a while, since it will not affect anything for a long time.
legendary
Activity: 3444
Merit: 10558
The death of queen Elizabeth has affected world activities
No it did not. It only affected England and the governments in their colonies. In fact majority of the people in those colonies were angry about the condolences their governments sent.

Quote
Prior to her death, the United kingdom had had it's ups and downs financially and recently they are battling with energy concerns and it's not getting better because energy bill which was £1,971 per year will increase to £2500 by 1st October 2022
The cost of living crisis could get worse in England as time goes on and things don't change specially since the queen's death has imposed a huge financial burden on Brits considering her funeral alone was estimated to cost billions of pounds.
The transition itself is also going to cost a lot with all the things they have to change like the picture on the currencies!

On top of that if more of the colonies start declaring independence, England will start facing much more problems both geopolitically and economically.
hero member
Activity: 1694
Merit: 516
With the country in deep recession and citizens struggling to meet up and cope on daily basis, will he be able to run with the baton she left for him or will UK experience more setbacks?

I don't think King Charles III has to worry about his personal financial situation. He is inheriting everything from the Queen and doesn't have to pay any succession duty for all the castles and estates he is getting. The royal family is exempt from such taxes to make sure they don't lose any wealth. This is also why the King or the Queen will always concentrate the wealth, there is no tax benefit to distribute it within your family. Also the King or like the Queen in the past had no real direct impact on politics of UK, they have the prime minister and the government for that. UK just got a new government last week and it's in their hands now to fix the economy. There are a lot of similarities between the struggle in the European Union and the UK at the moment. Especially the inflation needs to be brought down in 2023 for the economy to recover.
member
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problems like this must have been foreseen long before the death of Queen Elisabeth, so I think it will certainly be no problem for King Charles III if he can follow the scenario that has been set.. hopefully the UK can get through this recession
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