Why King Charles will receive extra £45mn of public money?
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King Charles is set to see a significant increase in his official annual income, with a rise of over 50% according to official accounts. This boost comes as profits from the crown estate—which funds the monarchy—have skyrocketed to £1.1 billion. Consequently, the sovereign grant supporting the royal family's official duties will jump from £86 million in 2024-25 to £132million in 2025-26. The monarchy currently receives 12% of crown estate profits for its operations and Buckingham Palace's ongoing renovation worth £369million.