camiseta fc barcelona 2011

camiseta fc barcelona 2011 -

It's that time of year again.

The Crown has submitted its annual accounts which have shown expenditure up 5.3% and the Royal Family now costing the UK taxpayer a whopping 66 pence per annum. At a time when everyone from MPs to Russian moguls are tightening their belts, you can imagine the chorus of disapproval emanating from Hoxton to the Houses of Parliament when they learn that camiseta fc barcelona 2011 the cost of running this enterprise is now over ￡40m per year.

We wonder however if those concerned are being a bit harsh. After all, the Press has covered only one side of the story, which is the cost of running the Royals. This gets us frankly nowhere. Every company thinks its staff are overpaid and every employee thinks they're invariably worth more than their monthly paycheque.

So here at Talent Talk, we have done a ‘back of the envelope' human capital analysis of the UK Royal Family, to see whether, from a financial perspective at least, the complaints are justified.

On the one hand you have a ‘tangible cost' column. As we have seen, this comes in at ￡40m per annum. Onto this we would need to add some future costs which the present figure has not taken account of (for example urgent renovation work, plus we never know quite how long it will be before there is another addition to the household, or worse, a divorce). So let's not split hairs (no pun intended) and say that the real cost of running the Royals is ￡50m p.a.

Then we need to look at the ‘intangible cost' column. Intangibles are tricky things, so bear with me, but there is no doubt that an institution which seems to glorify the past, accident of birth, as well as being synonymous with camiseta fc barcelona 2011 numerous wars, massacres and injustices, carries with it an additional cost. The stigma involved in that cost can be counted as lost opportunities, as well as (more significantly) a feudal superstructure which some economists would argue destroy social mobility in the UK and with it entrepreneurship and wealth creation.

A tricky one to guage, as I mentioned, so we'll move swiftly on to tangible benefits. Tangible benefits include income on assets which the Royal Family have passed on to the state (the Royals in turn get paid from the civil list, noted above). The camiseta fc barcelona 2011 media doesn't seem to mention this much, but the income passed onto the UK Treasury from the Crown Estates came to over ￡200m in the 2006/2007 fiscal year. Now, there are one or two people who would say ‘hey, that's our land!' but the legal situation is that it isn't. And, if anyone would advance an argument for seizing the title deeds in the name of the UK taxpayer, they would open themselves up for having to do similar with hundreds of other hereditary peers, an action that would lead to a bigger land grab than modern-day Zimbabwe.