The U.K. Treasury says the amount of public funding for King Charles III and the royal family's official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch's Crown Estate.
U.S. President Joe Biden visited Europe, meeting with King Charles III and British Prime Minister Rishi Sunak before attending the NATO summit in Lithuania.President Joe Biden and King Charles III have used their first meeting in their respective roles to highlight the generational issue of climate change.
Charles has asked for profits from the windfarm deals to be used for the “wider public good” instead of going to fund his official duties. The amount of the sovereign grant for this year is 86.3 million pounds , unchanged from the year before. The Treasury said that cutting the rate to 12% means that the monarchy’s budget next year will remain the same because it won’t receive an extra 24 million pounds it would have were the rate to stay at 25%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles Earned $34 Million From U.K. Rent Increases, a New Report SaysRoyal land, royal earnings! KingCharlesIII's vast property empire adds up to $34 million this year. 🏰📈
Read more »
Judi Dench and Helena Bonham Carter Celebrate Shakespeare With King CharlesKing Charles III and Queen Camilla honored the 400th anniversary of Shakespeare's First Folios with British icons Dame Judi Dench, Helena Bonham Carter, and David Oyelowo.
Read more »
Division III football team unveils black turf at stadiumSUNY Morrisville showed off its new turf field with a unique color: black.
Read more »
This Division III football team's stadium has a bold, new look − with black turfCollege football is home to some colorful turf fields, but SUNY Morrisville has taken things to a dark, new level.
Read more »
Skyview performing at MOSH for Rock the Moon III event this weekendLocal indie space-rock band, Skyview, is back at the MOSH for another performance celebrating the human journey to space.
Read more »