Buckingham Palace says it is miles “simply incorrect” to point out the Queen blocked a fragment of legislation within the 1970s.
The Guardian reported the monarch’s non-public authorized professional had successfully lobbied the authorities to alternate a draft law to conceal her non-public wealth.
The newspaper said a clause had been integrated within the law within the 1970s granting the energy to exempt corporations utilized by “heads of negate” from recent transparency measures.
But a Buckingham Palace spokeswoman rejected solutions the Queen had intervened.
“Queen’s Consent is a parliamentary direction of, with the role of sovereign purely formal. Consent is repeatedly granted by the monarch where requested by authorities. Any assertion that the sovereign has blocked legislation is completely incorrect,” the spokeswoman said.
“Whether or no longer Queen’s Consent is required is evident by parliament, independently from the royal family, in matters that can perchance well luxuriate in an affect on Crown interests, along side private property and private interests of the monarch.
“If consent is required, draft legislation is, by convention, set apart to the sovereign to grant entirely on advice of ministers and as a matter of public file.”
The Guardian said Nationwide Archives documents showed that, in November 1973, the head of negate feared a bill around bringing transparency to company shareholdings might well presumably also lead to the general public being in a quandary to scrutinise her price range.
It reported her authorized professional had spoken with civil servants referring to the Companies Invoice and proposed the Queen be exempted.
The newspaper said a civil servant wrote at the time the authorized professional’s customers were “concerned” there became a menace of disclosure to directors of a company, shareholders and the fashionable public, and “disclosure to any particular person might well presumably be embarrassing”.
The Guardian said the proposal grew to develop into law in 1976 and applied except as a minimum 2011.