Queen Elizabeth II may have been styled the “people’s monarch”, but for much of her reign, and especially its last 40 years, the amassing of vast wealth was simply de rigueur for the UK’s financial and landed elites.
As the Guardian investigation into the cost of the royal family reveals, the late queen was at the forefront of her class’s pursuit of wealth extraction. Using royal privilege, the crown secretively exempted itself from public scrutiny and taxation. Royal fortunes soared. And this was the rule, not the exception.
