The Queen's Platinum Jubilee Celebrations Costing Taxpayers £28 Million

The Queen's Platinum Jubilee celebrations are costing the taxpayer £28 million over the four-day weekend, amidst a severe cost of living crisis and high inflation. Large scale events and street parties are planned nationwide from 2nd June to 5th June to mark the Queen's 70 years of reigning on the throne. The Queen is Britain's longest-reigning monarch and will be the first royal to celebrate a Platinum Jubilee.Chancellor Rishi Sunak set aside £28 million of taxpayers' money to fund the four-day weekend celebrations, which was confirmed in the government's March 2021 budget.

The funding for the Platinum Jubilee has come from several different revenue streams. The celebrations are broken down into many different events. The Platinum Jubilee Pageant has a cost of £15 million. £3 million will fund village hall improvement projects in 100 different venues.£12 million has been set aside for a new book called Queen Elizabeth: A Platinum Jubilee Celebration which will be distributed around primary schools.

The book is aimed at primary-school-aged children.The extra bank holiday off will also cost the nation billions of pounds. A 2012 study by the Centre for Economics and Business Research think tank, estimated that each bank holiday cost the British economy £2.3 billion through lost productivity. The Diamond Jubilee in 2012 was believed to have cost somewhere between £1.2 billion and £3.6 billion.

The government have also relied upon charities to help provide funding so that local communities can mark the Jubilee. These will help smaller communities to be able to afford to celebrate the event.The following charities are helping in different ways: National Lottery Community Fund's platinum jubilee fund is offering grants of up to £50,000 to 70 community projects. There are £10,000 grants being offered in the National Lottery Awards for All programme for all 2022 events. Arts Council England is offering grants up to £10,000. UK National Archive is offering £30,000 to help the archive sector honour the Queen.