2023-06-29 02:45:35
– Spending up and heating down for King Charles III
The monarchy’s expenditure rose 5% compared to last year, in particular due to the change of reign. But the heating has been turned down to reduce emissions.
Posted today at 04:45 Updated 20 minutes ago
In total, the monarchy’s expenditure amounted to 107.5 million pounds sterling (122 million francs), according to the monarchy’s annual accounts.
AFP
In total, the monarchy’s expenditure amounted to 107.5 million pounds sterling (122 million francs), according to the monarchy’s annual accounts. The increase is attributed in particular to renovation work at Buckingham Palace and “costs associated with the change of reign”.
The royal house having drawn on the reserves to compensate, the annual allocation from the British Treasury to the monarchy, the “Sovereign Grant”, fixed at 15% of the income from the heritage of the crown, nevertheless remained stable in 2022-2023, at £86.3million. This amount represents 1.29 pounds sterling per person in the United Kingdom, said the palace in a press release.
19 degrees in Buckingham
This report “represents an exceptional transition period for the royal house”, underlined in this press release the person in charge of the management of the royal accounts. In twelve months, “we remember how the country came together to celebrate Queen Elizabeth II’s Platinum Jubilee in June, to mourn her late Majesty in September, while marking the King’s accession, as well as the months leading up to the coronation” of Charles III and his wife Camilla, he added.
The report establishes that members of the Royal Family have taken part in 2,700 engagements in the UK and abroad. 95,000 guests were received in the official residences in recognition of “their contribution to society” during 330 events.
The monarchy also announces a 19% reduction in emissions related to natural gas and heating. During the winter, the heating was turned down to 19 degrees Celsius at Buckingham Palace to reduce emissions.
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