UK: Charles to divert Crown Estate windfall to “public good”

Source: BBC News [UK state media]

“King Charles has asked for a surge in profits from six new offshore wind farms on the Crown Estate, worth £1bn, to be used for the ‘wider public good,’ rather than the Royal Family. The Royal Household’s public funding is based on 25% of Crown Estate profits. But King Charles wants to reduce this percentage so that more is kept by the Treasury to be used for public spending. The King spoke of the pressures of the cost-of-living in his Christmas speech. In his Christmas message, King Charles highlighted the pressures of the cost-of-living crisis – and he seems to be taking action to avoid what could have been an awkward surge in income for the royals.” (01/19/23)