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Minister liz truss says these extra ordinary times call for extraordinary measures. that was stuart whincup reporting. as prince william takes over from his father as the duke of cornwall, thousands of people will be getting a new landlord. part of the duchy is the town of nansledan near newquay, which was developed by king charles iii, and reflects his well known concern for the environment. our correspondentjenny kumah has been speaking to some of the residents. asa as a prince, king charles often spoke about the importance of the environment and architectural design. his majesty s and for those subjects has been injected into his vision for this new development. into his vision for this new development. into his vision for this new develoment. , , ., , development. this space here was built for the development. this space here was built for the community development. this space here was built for the community as - development. this space here was built for the community as a ....
Person in the u.k. last year, and that doesn t account for security costs, and that is paid for separately and it doesn t account for things like the duke of cornwall, paid for by them, and it doesn t account for individual wealth. so $17 billion it is shifting, and it is comes, foreign terms to an american audience but jack, hopefully you can explain them to us, the duchy of lancastor, the zuchy of cornwall as laura was mentioning and the sovereign grant. can you help us understand what each of these things are and how they work. yes, there is a really big difference between the wealth and the estates. and it is not really the queen s, it is a public asset, it is the king s now, it has to have a legal owner, and the legal owner is technically the king and all of the profit goes to the treasury and a percentage ....
Of them, currently right about 25% gets paid back to the royal family as public funding. and then you have the duchy of cornwall and the duchy of lan castor, $1.2 billion of cornwall, and prince william, the prince of wales, and the duchy of lancastor is the sovereign. and with the inheritance estates, you have the two estates to fund the official function of the monarchy, and i think one simple solution about this debate about the taxes, if you look at those two estates and look at public ownership, and then simply paid the monarchy one single lump sum as a budget out of government money and that s their government funding and it is open and transparent and it is accountable, that would be one way to solve that side of this issue. but there still remains the question of what happens to their private wealth. a lot of which is tied up in ....
Him about how he sees the role? t him about how he sees the role? i don t think anyone would dare ask him how don t think anyone would dare ask him how he don t think anyone would dare ask him how he sees his role, but we ve had conversations one of which was when had conversations one of which was when it had conversations one of which was when it came to the speakers house in the when it came to the speakers house in the house of commons, he didn t io in the house of commons, he didn t go into in the house of commons, he didn t go into the in the house of commons, he didn t go into the chamber bigger charles i made go into the chamber bigger charles i made one go into the chamber bigger charles i made one or two mistakes in parliament but, if he said something boring parliament but, if he said something boring it s parliament but, if he said something boring it s dull, but i say something interesting or controversial. you have to take the knocks controversial. yo ....