I have no strong feelings one way or the other. In general terms, I am not opposed to the institution of modern ceremonial monarchy: Sweden, Norway, Holland and Spain are doing pretty well with their own monarchy, and I don't feel their citizens are in any way demeaned by it. Italy got rid of their royal family after WWII, and at that point in history it was the right thing to do: but looking back, even if the Republican Referendum failed and we got to keep the monarchy, it wouldn't change much about where we are now. Theoretically, I favour a Republic; pragmatically, nowadays it doesn't change much. So, all in all, if nothing more than shit and giggles, I'd say that the UK should not abolish the monarchy and keep their royal pomp and circumstances.