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IchNichtenLichten@lemmy.world ⁨9⁩ ⁨months⁩ ago

The monarchy has no real power

“The Queen successfully lobbied the government to change a draft law in order to conceal her “embarrassing” private wealth from the public, according to documents discovered by the Guardian.

A series of government memos unearthed in the National Archives reveal that Elizabeth Windsor’s private lawyer put pressure on ministers to alter proposed legislation to prevent her shareholdings from being disclosed to the public.

Following the Queen’s intervention, the government inserted a clause into the law granting itself the power to exempt companies used by “heads of state” from new transparency measures.

The arrangement, which was concocted in the 1970s, was used in effect to create a state-backed shell corporation which is understood to have placed a veil of secrecy over the Queen’s private shareholdings and investments until at least 2011.”

theguardian.com/…/revealed-queen-lobbied-for-chan…

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