Heating down but spending up for royal finances

Ireland News News

Heating down but spending up for royal finances
Ireland Latest News,Ireland Headlines
  • 📰 BBCNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Royal residences have the heating kept at 19C, as spending rises to almost £108m, annual accounts show.

The running costs of the monarchy - such as for official visits and residences - are funded by the "Sovereign Grant", currently calculated as being 25% of the profits of the Crown Estate.But spending was almost £21m higher than the Sovereign Grant, with palace officials attributing the extra costs to:the King's accessionThe 10-year £369m project to repair Buckingham Palace had £34.5m allocated this year.

On average, about 500 Royal Household staff were being paid by the Sovereign Grant during the year - and there were questions about efforts to increase diversity, with the proportion belonging to ethnic minorities, 9.7%, showing no change since last year. In separate accounts, the Duchy of Cornwall reported profits of about £24m, in a transitional year that saw the new Prince of Wales replacing his father as the recipient.Keeper of the Privy Purse Sir Michael Stevens said the annual finances covered an unprecedented "year of grief, change and celebration".

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BBCNews /  🏆 3. in UK

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The women tackling the ‘woeful’ diversity in plumbingDespite a shortage of plumbers and heating system installers the industry is still dominated by men.
Read more »

Nurse Strikes In England To End After Not Enough Union Members Vote In BallotRoyal College of Nursing reveals the legal threshold required was not met.
Read more »

King Charles and Queen Camilla's first royal website taken down - detailsKing Charles and Queen Camilla's first royal website taken down - detailsThe Prince of Wales' website has been taken offline and here's everything you need to know
Read more »

Royal family address financial support for Danish Prince Christian ahead of milestone birthdayRoyal family address financial support for Danish Prince Christian ahead of milestone birthdayThe Danish royal family have made an official statement about Prince Christian's future financial aid
Read more »

Pop icons announce Glasgow show on greatest hits tourPop icons announce Glasgow show on greatest hits tour10cc will perform at the Glasgow Royal Concert Hall in March.
Read more »

Princess Kate just followed the one tricky trend we all want to try this summerPrincess Kate just followed the one tricky trend we all want to try this summerThe stylish royal opened the Hope Street residential community in Southampton...
Read more »



Render Time: 2025-04-08 10:58:19