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 to draw on Sovereign Grant reserves, which were reduced by 20.7 million pounds. Figures released separately on Thursday showed that the Crown Estate will pay more money to the U.K.'s Treasury this year, after making 443 million pounds in net profit from a huge licensing round for offshore wind power last year.

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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,” …

Inheritance tax raid to hit Zara Tindall when she inherits Princess Royal’s estate
Trending News
1 month, 2 weeks ago

Inheritance tax raid to hit Zara Tindall when she inherits Princess Royal’s estate

The Telegraph  

Neither the Duchy of Lancaster, owned by the sovereign, nor the Duchy of Cornwall, owned by the Prince of Wales, are liable for inheritance tax as they are Crown bodies subject to what is known as Crown exemption. All members of the Royal family other than the King already have to pay inheritance tax on their estates in the same …

Charles and William face calls to dissolve private estates which ‘earn millions from NHS’
1 month, 2 weeks ago

Charles and William face calls to dissolve private estates which ‘earn millions from NHS’

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. It’s time parliament abandoned that arrangement.” Further investigations with the …

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 …

King Charles is under growing pressure to refund the cash-strapped NHS - after he charged one trust more than £11m to park ambulances on his land
1 month, 2 weeks ago

King Charles is under growing pressure to refund the cash-strapped NHS - after he charged one trust more than £11m to park ambulances on his land

Daily Mail  

The King is under pressure to refund the cash-strapped NHS after it emerged he is charging one trust at least £11.4million in rent to store a fleet of electric ambulances. The estates have helped make the British royal family one of the richest in the world, generating almost £50 million for the King and the Prince of Wales in the …

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 …

Did Prince William Earn 21 Million During The 4-Week Break? What We Know
5 months, 3 weeks ago

Did Prince William Earn 21 Million During The 4-Week Break? What We Know

News 18  

Not everything is known about the British royal family. The X post claims, “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. Food Banks that wouldn’t exist if we didn’t have billionaires who steal all the money.” The post is referring to the hiatus …

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 …

Queen Camilla will not receive £360,000 annuity from parliament like Prince Philip did
1 year, 5 months ago

Queen Camilla will not receive £360,000 annuity from parliament like Prince Philip did

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

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 …

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 …

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 …

Queen Elizabeth II's Funeral, Related Events Cost £162 Million, Says UK Govt
1 year, 7 months ago

Queen Elizabeth II's Funeral, Related Events Cost £162 Million, Says UK Govt

News 18  

Queen Elizabeth II’s state funeral and related events following her death last September cost UK taxpayers nearly £162 million, the government revealed on Thursday in its first public estimate. “The death of Her Late Majesty Queen Elizabeth II on 8 September 2022 and the period of national mourning that followed was a moment of huge national significance,” Glen said. “The …

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, …

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 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 …

£1 billion estate passes to Prince William with Duke of Cornwall title: Report
2 years, 3 months ago

£1 billion estate passes to Prince William with Duke of Cornwall title: Report

Hindustan Times  

With accession of Prince Charles to the throne following the death of Britain's longest-serving monarch Queen Elizabeth II, Charles' eldest son- Prince William- has become the heir apparent, the Prince of Wales and the 25th Duke of Cornwall. With this, Prince William inherits the estate of Duchy of Cornwall which includes land across 20 counties in England and Wales, stretching …

Queen Elizabeth II dies: Who inherits her $500 million fortune
2 years, 3 months ago

Queen Elizabeth II dies: Who inherits her $500 million fortune

India Today  

Queen Elizabeth II, the 96-year-old longest-serving monarch in British history who died in Scotland after battling health problems since last October, has left behind over $500 million in personal assets from her 70 years on the throne, which Prince Charles will inherit when he is crowned king. The Queen received income through a taxpayer fund known as the Sovereign Grant, …

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, …

Prince Harry repays taxpayer money for UK home renovation
4 years, 3 months ago

Prince Harry repays taxpayer money for UK home renovation

Associated Press  

LONDON — Prince Harry has repaid 2.4 million pounds in British taxpayers’ money that was used to renovate the home in Windsor intended for him and his wife Meghan before they gave up royal duties and moved to California. He said the contribution “fully covered the necessary renovation costs of Frogmore Cottage,” near Queen Elizabeth II’s Windsor Castle home, west …

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