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 the succession of King Charles in May. The cost of royalty According to a CNN report, the Royal Household’s net expenditure was reported to be £107.5 million, compared to the total Sovereign Grant of £86.3 million and the additional income of £9.8 million. Accounts also show that payroll costs saw one of the biggest increases in 2022-23, rising £3.4 million to £27.1million, with staff getting around a five to six per cent rise.

Household Royal British Cost Report Palace Crore Million Cent King Buckingham Palace Charles King Charles Expenditure  kingsize  cent  report  cost  crore  life  household  royal  charles  taxpayers  throne  king  rs  expenditure  million  british  palace  living

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 …

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  

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Good news for King Charles: His personal net worth sees dramatic surge, and it's far more than Queen Elizabeth II
7 months ago

Good news for King Charles: His personal net worth sees dramatic surge, and it's far more than Queen Elizabeth II

Hindustan Times  

Amid his ongoing cancer battle and family woes, King Charles has got a reason to smile. The analysis also shows that King Charles is significantly wealthier than his late mother, Queen Elizabeth II. The King's personal net worth has increased by $12 million over the last year, with estimations indicating that he has benefited from a rise in the value …

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 …

King Charles just lost 500 million pounds. The reason will shock you
1 year, 5 months ago

King Charles just lost 500 million pounds. The reason will shock you

Hindustan Times  

The Crown Estate lost half a billion pounds on its London property portfolio as the value of retail space crashed, The Telegraph reported. This implies that value of properties in London owned by King Charles' public estate fell by 6.5 per cent to £7.2 billion which implies a reduction of £500 million in the last year alone. The footfall remained …

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 …

Why has the heating been turned down at Buckingham Palace?
1 year, 5 months ago

Why has the heating been turned down at Buckingham Palace?

The Independent  

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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 …

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 …

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 …

Charles won’t live at Buckingham Palace- Queen Elizabeth II’s house because…
2 years, 2 months ago

Charles won’t live at Buckingham Palace- Queen Elizabeth II’s house because…

Hindustan Times  

King Charles III has decided not to move to Buckingham Palace which served as the long-term residence of his mother Queen Elizabeth, a report said. As King Charles III and his wife Queen Consort Camilla have been living at Clarence House since 2003, British newspaper The Sunday Times reported that the new monarch will not shift to Buckingham Palace as …

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, …

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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