Yesterday the Sovereign Fund came into being. Part of George Osborne’s Spending Review last autumn, it changes the way we pay for the monarchy, with the Civil List being exchanged for a 15% share of the revenue of the Crown Estate. We have watched with interest the attempts by the First Minister to ensure that the increasing revenues accruing to the Crown Estate from offshore wind development around the Scottish coast and in Scotland’s coastal waters come to Scotland rather than straight into the Treasury coffers without passing Go. |
