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- The Royal Family was previously funded through a fixed annual payment known as the Civil List. This was replaced by the Sovereign Grant in 2012. Profits of the Crown Estate - a property business owned by the monarch but run independently - go to the Treasury.
www.bbc.com/news/explainers-57559653
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Jul 27, 2023 · The King and other working members of the Royal Family use the money to pay for expenses related to their official duties. The vast majority is spent on the upkeep of properties and staff costs.
The key financial details reported today are: The total Sovereign Grant for 2022-23, amounted to £86.3 million (2021-22: £86.3 million), which is made up of a core grant of £51.8 million which funds official travel, property maintenance and the operating costs of The Sovereign’s household.
Dec 1, 2023 · The Royal Family are undoubtedly one of the wealthiest families in the world, however many may question how King Charles and the rest of the Firm have so much money - here Express.co.uk...
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Sep 24, 2024 · The cost of the Royal Family to taxpayers is £510m a year anti-monarchy campaigners claim. Credit: AP. Graham Smith, from Republic said: "The half a billion pound cost of the royals represents a ...
Mar 10, 2021 · The royal family receives 25% of the Crown Estate income, which is also known as the Sovereign Grant, and the remaining 75% goes to the British Treasury.
Sep 23, 2024 · 23 September 2024. The real cost of the Royal Family to taxpayers is £510m a year - nearly six times more than the £86m of state funding from the annual Sovereign Grant - anti-monarchy ...
