British Royal Spending Soars Amidst Historic Change and Inflation

Publicly funded spending by Britain's royals increased by 5% due to a change in monarchs, inflation, and ongoing costs for renovating Buckingham Palace. The annual Sovereign Grant report revealed a net spending increase of £107.5 million ($135 million) in the past year. King Charles III implemented energy-saving measures, including lowering heating temperatures, to reduce emissions and costs. The report also mentioned the transition period for the monarchy, with additional expenses for Queen Elizabeth II's Platinum Jubilee, funeral, and the accession of her heir Charles. The renovation project at Buckingham Palace is expected to be completed in 2027.