Royal Costs Rise as King Charles III Takes the Throne
1 year, 5 months ago

Royal Costs Rise as King Charles III Takes the Throne

News 18  

The cost of Britain’s royal family to the UK tax payer rose by five percent over the past year, the annual financial report of King Charles III’s household showed on Thursday. Royal aides put the rise in expenditure partly down to the change of monarchs following the death of Queen Elizabeth II in September 2022 and the succession of her son Charles in May this year. The amount the royal family received from the public purse via the Sovereign Grant remained unchanged at £86.3 million 2022-3. Staff costs rose by 3.4 million to 27.1 million with staff given a pay rise of five-six percent.

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History of this topic

‘Simply grotesque!’: UK taxpayers fume over shockingly high cost of King Charles’ coronation
1 month ago

‘Simply grotesque!’: UK taxpayers fume over shockingly high cost of King Charles’ coronation

Live Mint  

The coronation of King Charles cost British taxpayers at least £72 million — with some estimates putting the final bill at well over a 100 million pounds. The coronation festivities had sparked sharp backlash at the time with many deeming it unfair to provide the royal family with ‘excessive and unfair’ financial benefits in straitened times. A recent BBC report …

King Charles’ coronation: Britain forked out $91 million in the middle of a cost-of-living crisis
1 month ago

King Charles’ coronation: Britain forked out $91 million in the middle of a cost-of-living crisis

CNN  

London CNN — The coronation of King Charles III and Queen Camilla held in May last year cost British taxpayers £72 million, an amount some have labeled excessive. “ provided an occasion for the entire country to come together in celebration, and offered a unique opportunity to celebrate and strengthen our national identity and showcase the UK to the world,” …

It’s time for the royal family to come clean on their finances
1 month, 2 weeks ago

It’s time for the royal family to come clean on their finances

The Independent  

It’s tough being a republican politician in Australia, what with having to swear allegiance to the monarch when you take office. This particular SME is officially financed through the sovereign grant, a funding formula, known as a “gold ratchet,” which ensures that the SME’s income can only ever go up. Astonishingly, the royal spin doctors tried to have us believe …

Royals make millions from NHS, files reveal
1 month, 3 weeks ago

Royals make millions from NHS, files reveal

The Telegraph  

The Royal family is making millions from the NHS through the monarchy’s property empire. King Charles’s 750-year-old asset portfolio is billing Guy’s and St Thomas’ NHS Foundation Trust £829,000 each year to rent a central London warehouse. The Duchy of Lancaster signed the 15-year lease in 2023 after the NHS trust said it needed help storing a new fleet of …

King Charles bills cash-strapped NHS hospital £11m to park ambulances on his land: Newly unearthed files reveal how royals also rake in millions from schools, prisons and Armed Forces
1 month, 3 weeks ago

King Charles bills cash-strapped NHS hospital £11m to park ambulances on his land: Newly unearthed files reveal how royals also rake in millions from schools, prisons and Armed Forces

Daily Mail  

King Charles is making millions out of the cash-strapped NHS, a shocking investigation into secretive royal finances reveals. Duchy money is private income for Charles and William on top of the Sovereign Grant, which will pay the Royal Family £132 million next year, up 50 per cent on this year. The estates have helped make the British royal family one …

Royal travel costs soar by £300,000 despite fewer engagements, figures show
4 months, 4 weeks ago

Royal travel costs soar by £300,000 despite fewer engagements, figures show

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Royal travel costs …

Prince William refuses to reveal tax bill, breaking King Charles tradition
4 months, 4 weeks ago

Prince William refuses to reveal tax bill, breaking King Charles tradition

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Prince William’s Duchy of Cornwall estate, which he inherited on the death of his …

Prince William, Kate Middleton hint at ‘exciting’ new venture after disclosure of his whopping salary
4 months, 4 weeks ago

Prince William, Kate Middleton hint at ‘exciting’ new venture after disclosure of his whopping salary

Hindustan Times  

Prince William, who faced several difficulties in the start of 2024 with King Charles and Kate Middleton's cancer diagnoses, is set to embark on a new project. Prince William- Kate Middleton: Britain's Prince William, Prince of Wales and Catherine, Princess of Wales, have declared that they will be working on a new, “exciting” project later in the year. This announcement …

Prince William paid $2.5 million while on vacation? Here’s how much the British royal earns
5 months, 3 weeks ago

Prince William paid $2.5 million while on vacation? Here’s how much the British royal earns

Hindustan Times  

A viral post claiming Prince William earned £2 million while on a month-long leave of absence has polarised public opinion. “Prince William took 4 weeks off, during which he received £2m, but it's ok because he went to a Food Bank for a few hours,” reads a post from the X handle “@BladeoftheS”. Prince William’s salary In late March, the …

Prince Harry's visit to see King Charles III amid cancer news cost him…
10 months, 2 weeks ago

Prince Harry's visit to see King Charles III amid cancer news cost him…

Hindustan Times  

Prince Harry's recent meeting with his father, King Charles III, amid his cancer news, has been doing the rounds in media circles. FILE - Britain's Prince Harry, Duke of Sussex looks on as Britain's King Charles III leaves Westminster Abbey after coronation in central London Saturday, May 6, 2023. Prince Harry has spoken to King Charles III about his cancer …

How much should the royal family work? King Charles facing big dilemma as…
1 year, 5 months ago

How much should the royal family work? King Charles facing big dilemma as…

Hindustan Times  

The royal family undertook seven per cent fewer engagements in the first half of this year than last year, it was revealed as the monarchy reduced to 11 people on official duties following King Charles' order. Patricia Treble, a Canadian journalist and royal specialist, said, “They have to figure out how to live up to the late Queen’s maxim, ‘I …

Where is it from? Prince William questioned over huge 24 million pounds profit
1 year, 5 months ago

Where is it from? Prince William questioned over huge 24 million pounds profit

Hindustan Times  

Anti-monarchy group in UK said that Prince William has some explaining to do over his household accounts after the income that the senior royal derived from the Duchy of Cornwall was revealed. The Prince of Wales received a private income of almost 6 million pounds this year but did not publish an annual, household report this year. As the recipient …

Prince William received a private income of nearly £6million this year
1 year, 5 months ago

Prince William received a private income of nearly £6million this year

Daily Mail  

Prince William received a private income from the Duchy of Cornwall of nearly £6million this year – but could get more than £20million next year. Prince William poses with children as he attends the Royal Norfolk Show in Norwich today The Prince of Wales meets young cattle handlers during the Royal Norfolk Show today But Kensington Palace explained that as …

British royals' public spending up 5% in year of historic change
1 year, 5 months ago

British royals' public spending up 5% in year of historic change

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A change in monarchs, double-digit …

British royals’ public spending has gone up 5% in a year of historic change
1 year, 5 months ago

British royals’ public spending has gone up 5% in a year of historic change

Associated Press  

LONDON — A change in monarchs, double-digit inflation and ongoing costs to renovate Buckingham Palace contributed to a 5% increase in publicly funded spending by Britain’s royals, according to accounts published Thursday. The palace’s annual Sovereign Grant report showed that net spending was up 107.5 million pounds in the past year. The year’s extra spending meant that the monarchy had …

This is how much UK royal family spent in one year? Quite a lot
1 year, 5 months ago

This is how much UK royal family spent in one year? Quite a lot

Hindustan Times  

The expenditure of the UK’s royal household rose 5 per cent last year, annual accounts for 2022-23 released by Buckingham Palace showed. The palace said this year’s accounts cover a period of “significant transition” as King Charles III acceded to the throne after the passing away of his mother Elizabeth II in September last year. “This year’s statement covers a …

Living Life King-Size: How much King Charles' first year on throne cost British taxpayers
1 year, 5 months ago

Living Life King-Size: How much King Charles' first year on throne cost British taxpayers

Firstpost  

The cost of Britain’s royal family to the UK taxpayer rose by five per cent over the past year — raising questions about the private wealth and lifestyle of King Charles and Britain’s royal family. Royal aides put the rise in expenditure partly down to the change of monarch following the death of Queen Elizabeth II in September 2022 and …

How much did King Charles III’s coronation cost in 2023?
1 year, 7 months ago

How much did King Charles III’s coronation cost in 2023?

The Independent  

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Picking the tab: Who is paying 100 million pounds for King Charles' coronation?
1 year, 7 months ago

Picking the tab: Who is paying 100 million pounds for King Charles' coronation?

Hindustan Times  

The pomp and pageantry that Britain is set to witness as King Charles will be crowned alongside his wife Camilla is a costly affair. Even though King Charles has emphasized on "slimmed-down" monarchy aiming to have fewer senior working royals and a modest coronation ceremony, the event is reportedly set to cost over 100 million pounds although no official estimate …

Charles III's coronation: Here's how much fortune Britain's monarch has to his name
1 year, 7 months ago

Charles III's coronation: Here's how much fortune Britain's monarch has to his name

Hindustan Times  

Through inheritance, royal estates and shrewd investing while a prince, Charles III will be crowned on May 6 with a considerable fortune to his name. The coronation ceremony of Britain's King Charles III and his wife, Britain's Camilla, Queen Consort, as King and Queen of the United Kingdom and Commonwealth Realm nations is scheduled to take place at Westminster Abbey, …

Britons don't want to pay for King Charles' coronation, poll shows
1 year, 7 months ago

Britons don't want to pay for King Charles' coronation, poll shows

Hindustan Times  

Most Brits want King Charles to trim down the ­monarchy, a poll has found. King Charles has already scaled down the coronation with a shorter ­ceremony and 2,000 guests while the late Queen’s lavish event had more than 8,000 people. He wants to put the ­family’s work to focus on the most marginalised in society and those who are working …

King Charles III's coronation gives tourism boost but UK economy still reeling
1 year, 7 months ago

King Charles III's coronation gives tourism boost but UK economy still reeling

Hindustan Times  

Kelly Curto is taking her first trip outside the US and the die-hard fan of the British royal family is making it the one at the top of her bucket list — heading to London for King Charles III's coronation. Tour companies, shops and restaurants are rolling out the red carpet, whether it's a decked-out bus tour of London's top …

Sprawling castles, vintage cars, and more… Just how rich is King Charles?
1 year, 8 months ago

Sprawling castles, vintage cars, and more… Just how rich is King Charles?

Firstpost  

Britain’s King Charles III has personal wealth that would make most people jealous. King Charles, who ascended the throne after his mother, Queen Elizabeth II’s demise, has inherited large swaths of land, regal estates, rare jewels, paintings and other personal property — some going back centuries. However, estimates have always been drawn and the most recent one, carried out by …

King Charles to hand back millions in wind farm profits to the nation
1 year, 11 months ago

King Charles to hand back millions in wind farm profits to the nation

The Telegraph  

The King has turned down the opportunity to boost palace funding, opting instead to donate millions of pounds worth of wind farm profits to the nation. A Buckingham Palace spokesman said: “In view of the offshore energy windfall, the Keeper of the Privy Purse has written to the Prime Minister and Chancellor to share the King’s wish that this windfall …

This is King Charles III's plan 'to bring in more money' for royal family
2 years ago

This is King Charles III's plan 'to bring in more money' for royal family

Hindustan Times  

King Charles III is seeking to find alternative sources of income as he is focused on cutting costs and streamlining the royal family, a report said. King Charles III: Britain's King Charles attends the state funeral and burial of Britain's Queen Elizabeth, in London, Britain. Royal commentator Russell Myers said that the Windsor Castle and Balmoral, which are both actively …

This is how the Royal family benefits UK's economy
2 years, 3 months ago

This is how the Royal family benefits UK's economy

Hindustan Times  

The British royal family generates millions of pounds worth of tourism for the United Kingdom, Independent reported. In 2019-20, the royal estate’s income from ticket admissions in the UK rose over the previous year, Independent reported quoting Statista adding that the admission income peaked at nearly £49.9 million in 2019-20. Watch: The moment a Royal guard near Queen Elizabeth II's …

Britain's new king: Charles to inherit private fortune of Queen Elizabeth II
2 years, 3 months ago

Britain's new king: Charles to inherit private fortune of Queen Elizabeth II

Hindustan Times  

King Charles inherits not just the throne after the death of his mother, Queen Elizabeth II, but also her private fortune -- without having to pay inheritance tax. Late Britain's Queen Elizabeth II and her eldest son, and country's new monarch King Charles III in this file photo taken at the annual Braemar Gathering in Braemar, central Scotland, in September …

UK royals’ spending up 17%, mostly for palace overhaul costs
2 years, 5 months ago

UK royals’ spending up 17%, mostly for palace overhaul costs

Associated Press  

LONDON — The British monarchy’s publicly-funded spending rose by 17% to 102.4 million pounds in the past year, with the renovation of Buckingham Palace taking up a large part of the expenses, royal accounts published Thursday showed. The palace’s annual Sovereign Grant report showed that royal spending went up by 14.9 million pounds compared to the previous year. “As always, …

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