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Budget for King s official duties set to be halved next year

Royals public funding recalculated after windfarm profits

The amount of public funding for King Charles III and the Royal Family s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch s Crown Estate, the U.K. Treasury said Thursday.

Windfarm profits alter funding formula for King Charles III

King Charles set for £80million more of taxpayers money after windfall

Changes to the way the taxpayer-funded Sovereign Grant is calculated mean the King is set to receive almost £40m extra a year in 2025 and 2026

BBCNEWS BBC News June 4, 2024 10:19:00

previous rate of 25%. this reduction has come out of a review by the royal trustees. the royal trustees are the prime minister, rishi sunak, the chancellor, jeremy hunt, and keeper of the privy purse, sir michael stephens. they say those extra funds will be going instead to fund vital public services for the benefit of the nation. that is a quote from the treasury. the king, king charles, had asked injanuary for wind farm profits to be used for the wider public good. around the world and across the uk, this is bbc news. let s have a look at some of the other news from across the uk. polls are open in three parliamentary seats where by elections are being held. voters are casting their ballots in a south western tory

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