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BEING QUEEN: are the monarchy and wealth related?

Culture, Jobs By 4 septiembre, 2015 No Comments

Queen Elizabeth II is the longest serving monarch in British history. She acceded to the throne on February 6th 1952, meaning that Queen Victoria’s record of 23,226 days, 16 hours and 23 minutes has already been broken. This milestone has already begun to reignite debates about the Monarchy’s future and whether it is an asset or a drain on the British economy. Brand Finance found out that the Monarchy’s value is at that point to be in excess of £44 billion (US$67bn). Brand Finance’s latest update to that figure suggests that as the Queen becomes Britain’s longest reigning sovereign, the institution that she leads is more valuable than ever. It is now worth just under £57 billion (US$87bn) and will make a net contribution to the economy this year of £1.155bn (US$1.767bn). But how are are monarchy and wealth related, really?

Monarchy as a Firm

Brand Finance has estimated the value of the Monarchy, often known colloquially as ‘The Firm’, as if it were a business. First, the annual contribution to the UK economy has been estimated. Costs such as the Sovereign Grant, security and maintenance of palaces have been netted off against sources of income including the uplift to tourism, the price premium commanded by brands with Royal Warrants, the surplus generated by the Crown Estate. This net annual contribution amounts to £1.155 (US$1.767bn) in 2015.When this contribution is projected into perpetuity, it has a net present value of £36.7 billion (US$56bn).  To this are added The Firm’s tangible assets (the Crown Estate, the Duchies of Cornwall and Lancaster and the Crown Jewels) to reach a total of £56.7 billion (US$86.7bn): “A Royal Warrant can confer a significant premium to brands in certain industries such as luxury, food, sporting goods and fashion, yet are currently awarded at no cost to the holder. The introduction of royalties could provide a significant new revenue stream.

Austerity for everyone, as well the kings and queens

The unofficial endorsement of Charlotte, George and Kate in particular has a profound financial effect running into millions annually. The demand for authentic connection to or emulation of key members of the royal family is by no means fulfilled. This too presents a major opportunity. Though the ‘monetization’ of the Monarchy may sound beyond the pale to some, in straightened times of continuing austerity in Britain, the Royal Family may come under increasing pressure to pay its way in more ways than it does now.


Jobs By 1 septiembre, 2015 No Comments

Europe cries for a more just society with fair salaries and working conditions at all levels. The European labour market is slowly adapting, but not fast enough for some. Workers union are debating about that. The 13th Congress of the European Trade Union Confederation (ETUC) will take place Tuesday 29 September to Friday 2 October 2015 at the historic Maison de la Mutualité in central Paris, France.

JOBS FOR ACADEMICS: Workshop for universities

Jobs By 15 julio, 2015 No Comments

Young students very often do not know where or in what they want to work. Bridging the distance between the corporate and academic world can often be a hard struggle. Students often start studying Economics, law or languages without having a clear job in mind. We help them to get things right, to know where to go and how to express it in a professional way. We show where young qualified people are needed in Europe, what the candidates need to bring and how to get there.