What significant change did the Sovereign Grant Act 2011 introduce regarding the British monarchy?

The Sovereign Grant Act 2011 introduced a significant reform in how the British monarchy is funded by replacing the previous, more complicated funding system with a single, transparent annual payment to the monarchy, known as the Sovereign Grant. This payment is derived from the profits generated by the Crown Estate, a large collection of lands and assets owned by the reigning monarch, and is intended to cover the official expenses of the monarchy.

Prior to this act, the funding of the monarchy included various sources and was often deemed complex and difficult to track. The introduction of the Sovereign Grant simplified this process, providing a clearer and more manageable method of financial support for the royal family. The act ensures that the amount allocated is calculated as a percentage of the profits generated by the Crown Estate, which adds a level of predictability and fiscal responsibility to royal funding.

Overall, this reform aimed to enhance accountability and transparency in the use of public funds, while ensuring that the monarchy remains adequately supported for its official duties.