Overview

This bill proposes significant changes to the funding of the Royal Family, the governance of the Duchy of Cornwall, and the parliamentary process. It aims to redefine the Sovereign Grant, redistribute the Duchy's assets, and remove the need for royal consent on parliamentary bills.

Description

The bill makes several key amendments:

• Amendments to the Sovereign Grant Act 2011: Restricts the use of the Sovereign Grant for official Royal travel to the six individuals next in line to the throne and their staff, defining "official Royal travel" specifically.
• Amendments to the Duchy of Cornwall estate: Alters the succession to the title of Duke of Cornwall to the eldest living child of the monarch, regardless of gender. It also transfers the Duchy's assets and property into a public trust for the benefit of the people of Cornwall and the Isles of Scilly. The Secretary of State will determine the specifics of this trust.
• Removal of Queen’s and Prince’s consent: Eliminates the requirement for Parliament to seek the Monarch's, Prince of Wales's, or Prince Regent's consent before considering any bill.

Government Spending

The bill is likely to reduce government spending on the Royal Family through the restricted use of the Sovereign Grant for travel. The exact financial impact of transferring the Duchy of Cornwall's assets to a public trust is not specified in the bill and would depend on the specifics of the trust's management.

Groups Affected

• The Royal Family: Will experience limitations on the use of the Sovereign Grant for travel.
• The Duchy of Cornwall: Will lose control of its assets and property, which will be transferred to a public trust.
• The people of Cornwall and the Isles of Scilly: Will potentially benefit from the transferred assets and property of the Duchy of Cornwall through a public trust.
• Parliament: Will no longer be required to seek royal consent on bills.

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