Connect with us

CELEBRITY

Breaking News: Prince William snub Meghan Markle as King Charles planning to replace prince William crown with prince Harry as a…….see more

Published

on

 

King Charles is set to replace his 15-year-old helicopters this year as income from the Crown Estates soared to £1.1 billion last year.

 

Annual accounts have revealed the monarchy will receive a boost of £45 million in its funding during the 2025/2026 financial year due to rising profits in 2023/2024.

Close
Related video: Trump shooter’s parents called police hours before assassination attempt
Sign up to our free Morning Headlines email
Email

I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy
King Charles is set to replace his 15-year-old helicopters this year as income from the Crown Estates soared to £1.1 billion last year.

Annual accounts have revealed the monarchy will receive a boost of £45 million in its funding during the 2025/2026 financial year due to rising profits in 2023/2024.

The Sovereign Grant sees the royal family receive 12 per cent of the net profits of the Crown Estate and is based on funds gained two years prior.

In the 2024/2025 financial year, the household’s income will remain at £86.3m as it has been in the last three years.

The money is spent on running the royal household and helping the monarchy function effectively. One aspect funded by the grant is the family’s transport costs to formal engagements.

In total more than 170 helicopter journeys costing a total of over £1b were taken in the last year. The palace revealed that these will now be replaced with two brand new AgustaWestland AW139s.

CELEBRITY1 day ago

Ayesha Curry Says Her Relationship with Husband Steph Curry ‘Always’ Come Before Being Parents (Exclusive)……see more

CELEBRITY1 day ago

Jennifer Lopez wants to move next door to Ben Affleck as she clings to dream of getting back with him: “She’s still very much in love”…..see more

CELEBRITY1 day ago

Kim Kardashian rings in her 44th birthday in her ‘birthday suit’…..see more

CELEBRITY1 day ago

Brittany and Patrick Mahomes celebrate daughter Sterling’s 4th birthday in style: flamingos, pool party and new hairstyle….see more

CELEBRITY1 day ago

Jay-Z reveals that he and his wife Beyoncé have received chilling death threats: ‘They want to execute us’….see more

CELEBRITY1 day ago

Prince Harry and Meghan Markle spotted on double date with famous couple after day packed with Invictus Games events…..see more

CELEBRITY1 day ago

Taylor Swift unwilling to let Justin Baldoni case destroy her deep friendship with Blake Lively….see more

CELEBRITY3 days ago

Prince William and Kate Middleton risked the line of succession by breaking THIS royal protocol….see more

NEWS3 days ago

Trump administration moves to end New York City congestion hikes….see more

CELEBRITY3 days ago

Jennifer Lopez shines with a daring comeback fans can’t believe what she brought back in Dubai…..see more

CELEBRITY3 days ago

Kris Jenner targets Justin Bieber for the Kardashians in a shocking revelation…..see more

CELEBRITY3 days ago

Brittany Mahomes reacts to excessive criticism she and husband Patrick have received after the Super Bowl…..see more

Copyright © 2024 UKvybes