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The Crown Estate makes billions of pounds from offshore wind power. (Peter Byrne/PA) The Crown Estate will deliver less money to the Treasury this year due to the Covid-19 pandemic as many of its high street renters struggled to pay their bills. The estate, which owns huge tracts of property across the UK, said that net revenue profit had dipped 21.9% to £269.3 million. The decline was largely because the estate was unable to collect all the rent it was owed. It warned that further hits are likely as the Government support schemes for companies comes to an end. The news will mean a considerably smaller payday for the Treasury, which collects all of the Crown Estate’s profit.

United kingdomBuckingham palaceQueen andrew matthewsDan labbadCrown estateSovereign grantRoyal ascotDay fiveஒன்றுபட்டது கிஂக்டம்பக்கிங்ஹாம் அரண்மனைகிரீடம் எஸ்டேட்இறையாண்மை மானியம்அரச அஸ்காட்நாள் ஐந்து