Royal family gets a pay rise

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The Royal family is about to get a pay rise.

A small committee of British MPs has approved an increase of 10 percent to the Crown Estate income.

According to the committee, the extra money will go towards funding a $583 million renovation of Buckingham Palace.

The increase will mean the Queen will receive more of the annual profits made from the Crown Estates. At present, she receives 15 percent or $68 million but that amount will now go up to 25 percent, around $123 million.

On the committee, only two MPs from the Scottish National Party spoke out against the increase.

Renovations on Buckingham Palace are due to begin in April, with electrical cabling, plumbing and boilers all in urgent need of replacement.

The work will take place over a decade, so as not to interrupt the changing of the guard or planned garden parties.

The Queen will remain in residence during the renovations.

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