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Yes and no. The assets still have much the same value without a monarch but the opportunities to monetise them would be significantly reduced.

I never bought this argument. France got rid of their royal family but the royal palaces and their art still attract millions of tourists each year.

Tourists would still want to see Buckingham Palace and visit the royal gallery even without a sitting royal family.

And without the Windsors in the way, the visitors could pay £10 to look around inside.