"UK Royal Budgets Surge Amidst Historic Change and Rising Prices"

1 min read
Source: The Associated Press
"UK Royal Budgets Surge Amidst Historic Change and Rising Prices"
Photo: The Associated Press
TL;DR Summary

Publicly funded spending by Britain's royals increased by 5% due to a change in monarchs, inflation, and ongoing costs for renovating Buckingham Palace. King Charles III implemented measures to cut emissions and costs, including turning down the heating at royal homes. Prince Harry and Meghan have vacated Frogmore Cottage, and the monarchy experienced significant transition with extra costs for Queen Elizabeth II's Platinum Jubilee and funeral, as well as Charles' accession. The Sovereign Grant, which supports official duties and maintenance of occupied palaces, remained unchanged at £86.3 million. The Crown Estate made a net profit of £443 million, contributing to the Treasury. Prince William received almost £6 million from the Duchy of Cornwall estate.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

3 min

vs 4 min read

Condensed

85%

741114 words

Want the full story? Read the original article

Read on The Associated Press