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Why Is King Charles Set To Get A Pay Rise From UK Taxpayers?

www.huffingtonpost.co.uk Why Is King Charles Set To Get A Pay Rise From UK Taxpayers?

He'll be expecting a cool £39 million annual increase in 2025.

Why Is King Charles Set To Get A Pay Rise From UK Taxpayers?

There’ll be an increase of 45% funding for the royals from 2025, according to details of a royal funding review from the treasury, released on Thursday. The amount of money put into the grant each year is proportional to the amount the royal family’s national property portfolio ('the crown estate') makes in profit. This is part of a formula system announced by David Cameron’s government in 2011, which removed the parliament’s control over royal funding.

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