The Royal Family’s eye-watering financial situation has been revealed and people are not happy
The British monarchy’s Sovereign Grant is set to increase by £45 million next year, rising to £131 million annually from 2025-2027. This 53% surge comes despite King Charles III not receiving a personal pay raise, sparking outrage during the ongoing cost-of-living crisis.
The grant, funded by taxpayers through Crown Estate profits, covers royal duties, staff, and property maintenance. This year’s increase follows unexpected wind energy profits that will fund Buckingham Palace’s decade-long £369 million renovation.
The Crown Estate – including London properties, rural land, and seabeds – is worth £15 billion. While 88% of its profits go to the treasury, the monarchy receives a fixed percentage, drawing criticism as 4.5 million UK children live in poverty.
Additionally, Charles receives income from the Duchy of Lancaster, while Prince William profits from the Duchy of Cornwall. The family earns £21 million yearly from Buckingham Palace visitors alone.
Anti-monarchy campaigners condemn the spending. Republic CEO Graham Smith called it “criminal” to allocate half a billion pounds to royal lifestyles amid widespread deprivation.
Social media reactions were fierce, with users criticizing the “obscenity” of royal wealth. One noted wind farm rents inflate energy bills, while another warned crown assets might be privatized without the monarchy.
Defenders argue the Crown Estate preserves national assets that governments might sell. However, the debate highlights growing tensions between royal expenditures and public hardship during economic struggles.
