Author examines how the royals manage their money and their image

Listen | 21:34
Queen Elizabeth II riding in the Gold State Coach from Buckingham Palace to St Paul's Cathedral for a service of thanksgiving to celebrate to her Golden Jubilee.

The finances of the British monarchy remain, in part, a mystery.

Royal wills are never made public, so it’s not quite clear what wealth is passed down to the next generation.

So, where does the money come from and how is it managed?

In this episode of In the News, Dr Laura Clancy, author of ‘Running the Family Firm: how the monarchy manages its image and our money’ tells Conor Pope how the royals operate more like a corporation than a family unit and what the future of the ‘firm’ might hold.