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Transcripts for BBCNEWS The Context 20240604 19:39:00

newly released figures on royal finances have reveleaed a surge in revenues for the past year. one report by the new york times finding a boost coming from property now owned on behalf of the king. he papers investigation has found the king made $34 million from rising rents of properties in his portolio known as the duchy of lancaster. the duchy is passed down from monarch to monarch and covers more than 18,000 hectares of land in areas such as lancashire and yorkshire, including the historic knaresborough castle, as well as property in central london. the times reports king charles s private income from the duchy was £26.2 million, about £2 million more than queen elizabeth s was. the duchy of lancaster is not the king or royal family s only source of income there is also the sovereign grant which is the annually paid taxpayer funded settlement. well i m nowjoined byjand bradley from the new york times

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