All articles tagged with #royal finances
Originally Published 5 days ago — by Yahoo
A new book claims King Charles III told Prince Harry he is 'not a bank' after Harry demanded funds following his and Meghan Markle's departure from royal duties, amid tensions and family drama surrounding Megxit.
Originally Published 2 months ago — by politico.eu
The scandal involving Prince Andrew's living arrangements and associations has sparked a broader debate in the UK about the transparency and funding of the royal family, highlighting issues with the current system, including secrecy around royal estates and the need for reform, just ahead of a review of the Sovereign Grant.
Originally Published 2 months ago — by BBC
Calls have been made for Prince Andrew to testify before MPs regarding his lease of Royal Lodge and transparency issues surrounding royal finances, amid ongoing scrutiny over his links to Jeffrey Epstein and the financial arrangements of the Royal Family. The lease deal, which involved lump sum payments instead of rent, and broader concerns about transparency in royal funding are central to the debate.
Originally Published 6 months ago — by BBC
The royal train will be decommissioned by 2027 as part of cost-saving measures by Buckingham Palace, citing low usage and high maintenance costs, with the royal family continuing to travel via regular trains and other means. The decision aligns with broader efforts to manage royal expenses, including increased funding for palace renovations and high travel costs for the monarchy.
Originally Published 6 months ago — by The Guardian
King Charles is retiring the royal train to modernize the monarchy and cut costs, replacing it with more fuel-efficient helicopters, while also implementing financial and sustainability reforms within royal estates and operations. The royal accounts reveal stable funding but increased travel and operational costs, alongside efforts to support community organizations through rent waivers and environmental initiatives.
Originally Published 2 years ago — by Yahoo Entertainment
Prince William receives an annual salary of approximately $7.5 million from the Duchy of Cornwall, which funds his official, charitable, and private activities. The Duchy, established in 1337, provides income to the Duke of Cornwall and his family. Meanwhile, King Charles' household expenses rose by 5 percent, totaling $136 million, with a significant portion allocated to Buckingham Palace renovations and preparations for the queen's Platinum Jubilee and Charles' coronation. The capital expenditure doubled from the previous year due to timing of capital works, and the spending was covered by the Sovereign Grant and the king's reserve funds.
Originally Published 2 years ago — by The Guardian
The Guardian's investigations team delves into the costs of the modern British monarchy and how the Windsor family hides their riches from public view. The government reformed the funding mechanism for the monarchy in 2011, removing the need for regular debates around their grant. It is difficult to determine what each working royal does in return for their generous settlement, but an unofficial source, a 91-year-old man with comprehensive scrapbooks of royal engagements, sheds some light on the matter.
Originally Published 2 years ago — by FRANCE 24 English
A YouGov poll commissioned by the BBC has found that 58% of Britons want to keep the monarchy, but only about a third of young people support it, with 38% preferring an elected head of state. The poll also showed that 45% of respondents think King Charles III is out of touch with the experiences of the British public. While 54% of those surveyed said they thought the royal family was "good value", more young people responded that they were bad value (40%) than good (36%).