There’ll be an increase of 45% funding for the royals from 2025, according to details of a royal funding review from the treasury, released on Thursday. The amount of money put into the grant each year is proportional to the amount the royal family’s national property portfolio (‘the crown estate’) makes in profit. This is part of a formula system announced by David Cameron’s government in 2011, which removed the parliament’s control over royal funding.
Why Is King Charles Set To Get A Pay Rise From UK Taxpayers?
Submitted 1 year ago by 0x815@feddit.de to unitedkingdom@feddit.uk
1rre@discuss.tchncs.de 1 year ago
He’s going up from effectively paying 75% tax to 88%… He’s fully entitled to increase his funding by way more than 45% but the government are keeping a larger chunk rather than increase it by a silly amount, I don’t see a problem with that
tillimarleen@feddit.de 1 year ago
Considering it is the monarchy, I wouldn‘t call it a tax. The monarchy receives a lot of money because it owns so much land. Now they even have to slash the funding, so the amount doesn‘t become too ludicrous. Maybe a broader debate is necessary, because people are starving right now.