Royals make millions from NHS, files reveal
1 month, 2 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 electric vehicles to tackle ambulance waiting times. The revelations form part of a joint investigation by The Sunday Times and Channel 4’s Dispatches, which exposed how the monarchy earns money from contracts with public bodies. This shows the value of scrutiny, because from now on, if they are charging, they will know it’s going to be scrutinised and people are going to ask why and they’ve got to justify it.” Baroness Margaret Hodge, a Labour peer and former chair of the Commons public accounts committee, called for the Royal duchies to pay corporation tax.

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History of this topic

Money from the royal estates should be given to schools and the NHS
1 month, 2 weeks ago

Money from the royal estates should be given to schools and the NHS

The Independent  

The royal duchy estates should be dissolved and the money refunded to the NHS and state schools.. Catherine Bolton Derbyshire We simply don’t care enough Western leaders have failed to turn the tide of the war in Ukraine – partly due to a lack of unity and strategic planning; partly through self-defeating caution – but also because their respective populaces …

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 …

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 …

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 …

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 …

£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 …

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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