In a statement, a palace spokesperson said this wasn’t a case of Her Majesty influencing or blocking the legislation. Rather, she was following the parliamentary process of Queen’s consent, in which the sovereign’s role is “purely formal”.
“Consent is always granted by the monarch were requested by government. Any assertion that the sovereign has blocked legislation is simply incorrect,” they explained.
“Whether Queen’s consent is required is decided by parliament, independently from the royal household, in matters that would affect crown interests, including personal property and personal interests of the monarch.
“If consent is required, draft legislation is, by convention, put to the sovereign to grant solely on advice of ministers and as a matter of public record.”
The Guardian revealed this memo in the 1973 documents from the National Archives while investigating the royal family’s use of Queen’s consent to “secretly influence the formation of British laws.”
Queen Elizabeth just has a feared regarding the companies bill which is drafted by Edward Health’s government, would open all her asset publicly.
The law aimed to “prevent investors from secretly building up significant stakes in listed companies by acquiring their shares through front companies or nominees.”
Her Majesty was said to be worried her private investments in listed companies, and their value, would be revealed.