I agree with you Carl, the very idea is rubbish. BUT, the headline got me to thinking about a "What If" scenario idea for a thread. What would life be like for the British Royal Family - and Britian as a whole - if the monarchy did end? What would be the biggest visible changes? There are so many intertwined links. Here's how I'd see some developments.
The ending of the UK monarchy would hardly come in the form of a revolution - that's simply Un-British. Instead, it would have developed slowly, probably thorugh a series of referendums. But were it to happen, we'd have the Queen and DoE retiring to Sandringham and Balmoral, probably receiving a lifetime stipend as "former heads of state". President Blair would be tasked with the monumental job of dividing up assets between "state", "private" and "crown". The lawyers would have a field day - especially dealing with art, jewels, etc.
I'd guess the Duchies of Lancaster and Cornwall would remain in royal hands - they are, after all, separate from all other crown possessions, and belong to the Queen as Duke no different than the Duke of Westminster's properties belong to him. Plus, it would seem fair for the state to provide the former reigning house with properties sufficient to generate enough income to live comfortably through the generations. The Crown Estate, in contrast, would probably be handed over to the state.
St. James, Buckingham, Windsor and Hollyrood would likely become museums or government offices. Maybe President Blair would move into Buckingham or St. James to enable them to remain the ceremonial center of the nation. (Number 10 is hardly appropriate for the kind of formal entertaining that Britain is used to!).
Charles and Cam might be granted lifetime use of Clarence House (or maybe on a lease), or they'd retire to Highgrove and Birkhall. Ditto for Andrew, who already has a lease on Royal Lodge. Anne's estate at Gatcombe Park is privately owned, and Alexandria of Kent's is leased from the Crown Estate. The Kents and Glouchesters and Michael's of Kent would probably have to leave Kensington, finding apartments or country homes to live out their days.
Gone would be the pagentry from Trooping the Color, Jubilees, and Royal Weddings and Funerals. Oh, people would still come to London for the royals' weddings and funerals, but without the troops, carriages and hroses, such events would pale in comparison.
State Opening of Parliament would probably turn into a neo-political event like it is here in America. (I always cringe when I watch our State of the Union address. What was originally a dignified, formal report on the health of the union from the Head of State to Congress has become nothing more than a cheap series of political maneuvering).
Terms like crown, royal patronage, court circular, footmen, and state carriages would fade from use. The ravens at HM's Tower of London (err - now the Tower of the Republic) could be set free. Tiaras, enormous necklaces and broaches, sashes and medals would slowly become relics, relegated to museums and storage.
The younger generation of royals - the Wales brothers, York Princesses and Lady Louise - would take jobs with brokerage firms or art galleries or perhaps some Chairmanships of the Board, and live lives similar to the children of Britain's current mere aristocracy.
Within a generaton, Britain would look politically, socially and otherwise like France, Germany or America.
How sad that would be....