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King Charles should 'hang his head in shame' over £80m funding boost

Posted By: Namaste
Date: Saturday, 22-Jul-2023 03:11:57
www.rumormill.news/226351

https://uk.news.yahoo.com/king-charles-should-hang-his-head-in-shame-over-%C2%A380m-funding-boost-151809065.html

King Charles is expected to get an £80m increase in taxpayer funding over two years.

..................

Shameful? Disgraceful!! THEY HAVE NO SHAME OR CONSCIENCE - EVIL

Whilst native Britons live on the streets and he allows Illegal Migrants to flood our country AND OBTAIN EVERYTHING FOR FREE.

..................................................................

"What's happening? Depending on what you've read, King Charles either seems to be getting a pay cut or a pay rise.

It's all down to a change in the Sovereign Grant - the annual funding mechanism that covers the work of the Royal Family in support of the King.

Since 2012, the grant’s amount has been tied to the profits generated by the Crown Estate. Despite the name, Charles only "owns" the estate in his capacity as monarch rather than as a private individual, so while he holds it for the duration of his reign, he isn’t able to spend the profits, or sell any of its assets.

The independently run Crown Estate has surrendered its profits to the treasury since 1760 and, in return, the monarch has received funding from the government.

This year, the Crown Estate has generated a large increase in profit by leasing six new wind farms offshore — this would usually mean the royal's funding would increase.

However, the amount they will be given by the taxpayer is to remain the same for the next two years. After that, they will receive an increase of nearly £40m, which some estimate will rise again the following year, because the profits of the estate are expected to keep rising.

In his first Christmas message as monarch last year, Charles expressed concern about the cost-of-living crisis. Coupled with the recent background of strikes and financial hardship faced by many across the UK, the finances of the royals are under even more scrutiny than usual.

Yahoo News UK breaks down why some people are angry about the upcoming increase of funding to the Royal Family, and just how much they are going to receive...."




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