The UK would save £345million a year by axing the royal family, it has been claimed.
Membership-based pressure group Republic campaigns for the abolishment of the monarchy and for Queen Elizabeth II to be replaced by an elected head of state.
The organisation's CEO, Graham Smith, has now claimed the Royal Family is not value for money and the cost of the monarchy to the UK taxpayer would be better spent on employing thousands more staff in education and healthcare instead of supporting one family.
Mr Smith told Express.co.uk: "The thing is for something to be value for money you need to get something back on what you spend.
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"£345 million is a lot of money for essentially something that does one thing.
"It gives us one person to be head of state.
"Similar heads of state in Europe which are elected cost less than 10 percent that.
"So £345 million could pay for 15,000 nurses or teachers.
"So that would be money better spent than spending it on one family."
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Mr Smith also branded the Royal Family as unaccountable and secretive in a scathing attack on the institution.
He said: "The cost is one symptom of why the monarchy should be abolished.
"They get away with it because it is unaccountable.
"No one can get rid of them as individuals, they have to get rid of the whole institution.
"They get away with it because they are secretive and do not reveal the information about money being spent and what they are getting up to behind closed doors.
"We are supposed to be a democracy, we have argued about democracy and the will of the people for the last four years.
"We then don’t turn that same logic to the monarchy.
"So, it does not live up to the standards that we should expect of an institution in this country in this day and age."
The cost of the Royal Family to the UK taxpayer has doubled within the last decade.
In 2012 the average cost to the UK taxpayer was £32.40 but in 2019 the average cost was £67.00.
But it would seem that millions of Brits disagree about axing the royals.
Only one in five Britons said they would abolish the monarchy according to a poll conducted by YouGov earlier this year.
YouGov polled more than 3,100 people and weighted the results, finding that 62% of British adults think the country should still have a monarchy.
But 22% thought it should not, and 16% did not know.
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