UK Monarchy Funding Doubles to £100 Million as Buckingham Palace Refit Reaches £369 Million
Updated
Updated · The Guardian · Jun 26
UK Monarchy Funding Doubles to £100 Million as Buckingham Palace Refit Reaches £369 Million
3 articles · Updated · The Guardian · Jun 26
Summary
The monarchy’s core public funding is set to double to £100 million, marking a sharp increase in the Sovereign Grant.
Buckingham Palace’s long-running refurbishment is now put at £369 million, adding to scrutiny of royal costs even though King Charles and Queen Camilla reportedly do not plan to live there afterward.
The report also highlighted pressure over value for money, citing royal engagement counts this year including 57 for Prince William, 76 for King Charles and 100 for Princess Anne.
Separate figures showed William paid £7.76 million in tax last year and the King £12.9 million, feeding a wider debate over whether a "slimmed-down" monarchy is becoming more expensive, not less.