Claim: If the estimated £1 billion being spent on the Queen's Platinum Jubilee was divided among UK households, it would mean a windfall for each household of £38,000.
Fact-check: The Platinum Jubilee will not cost each UK household £38,000 - Full Fact
Verdict: the maths here is wrong—dividing £1 billion by the number of uk households would give a figure close to £38 rather than £38,000. and if the £1 billion figure refers to the cost to taxpayers it's likely a significant overestimate, though we don't yet have reliable figures for the total cost of the event.
Organisation: Full Fact
Author: Grace Rahman
Date published: 2022-06-01T00:00:00