The king’s crown estate profits have more than doubled. The accounts also show that £600,000 of the sovereign grant was spent on the coronation and related events last year.The king’s crown estate profits have more than doubled. The accounts also show that £600,000 of the sovereign grant was spent on the coronation and related events last year.King Charles is set for a huge £45m pay rise with an increase of more than 50% in his official annual income, official accounts reveal.
Royal accounts also show that the Prince of Wales received £23.6m income from the Duchy of Cornwall in his first full year after inheriting the land and property owning estate from his father. Buckingham Palace’s annual accounts, released on Tuesday, cover the first full financial year of the king’s reign. They include the months after the Charles and Catherine eachIt emerged that Frogmore Cottage, the house on the Windsor estate that was renovated at a cost of £2.4m to the taxpayer for the Duke and Duchess of Sussex, remains empty. The renovation costs have since been paid back to the public purse.
Charles’s increased income follows a more than doubling of profits for the crown estate, the national portfolio of historical and commercial land-holdings, to £1.1bn in 2023-24, up from £443m the previous year.
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SkyNewsAust - 🏆 7. / 78 Read more »