Queen Elizabeth’s Platinum Jubilee: Who Is Paying For The Celebrations, How Much Is It Costing?

Queen Elizabeth's Platinum Jubilee costing is reportedly coming from various sources, including United Kingdom taxpayers, and the financial impact of the celebration has been put into question.

According to the government's March 2021 budget, Chancellor Rishi Sunak has set aside £28 million ($35 million) worth of taxpayers' money for the four-day historical event called "Queen Elizabeth: A Platinum Jubilee Celebration." It will reportedly mix "the best of British ceremonial splendor and pageantry with cutting-edge artistic and technological displays." The £28 million ($35 million) total is said to be divided accordingly, some of it is allotted to help redecorate venues — £3 million ($4 million) that is entirely to support village hall improvement projects in 100 different venues.

The Queen's Jubilee celebration is planned as several events, including the Platinum Jubilee Pageant, which costs £15 million ($19 million) alone. The money is not all for celebrations, as £12 million ($15 million) has been kept aside for new books in primary schools.

Queen's Platinum Jubilee is a special celebration that marks Queen Elizabeth's 70th year on the throne. It also gives the Brits an extra bank holiday to look forward to. From Thursday to Sunday, the UK, Overseas Territories and Commonwealth will join in the celebration of the Queen's Platinum Jubilee. The streets will be lit up and people will be partying all night. However, with the crisis regarding the cost of living, some question if the massive budget for the bank holiday is worth it.

A poll on whether the Royal Family is a luxury the country cannot afford was done. A record of 1,039 British adults has been surveyed by Ipsos. The survey comes as the Royal Family is busy preparing to celebrate the Queen's Platinum Jubilee. There are 38% who said they agree, 36% said they disagree, and the rest said they do not know. The survey discovered younger people were more likely to think the royals are a luxury the country cannot afford, with 48% of 16 to 34-year-olds agreeing with the statement, compared with 22% of 55 to 75 year olds.

The poll also suggests the Queen should remain as the monarch for as long as possible rather than abdicating. Some 66% of those surveyed claimed they think the Queen should keep doing her job for as long as possible, with 23% saying she should abdicate. The remainder of those surveyed said they did not know.

Meanwhile, the percentage of people claiming they believe the Prince of Wales, Charles, would do an excellent job as king stands at 49%, while 20% think he will do a lousy job. The survey also asked people whether they think Prince Charles will reduce the cost of the monarchy if he becomes king, 40% saying they believe it is likely that he will and 43% saying they think it is unlikely. The poll also questioned if they believe the Duke of Cambridge would do a good job or bad job as king, 74% said they think he would do a good job and 7% said they think he would do a bad job.