Before his coronation, King Charles III begins his journey on the ‘King’s Walk’, a two kilometer journey from Buckingham Palace to Westminster Abbey in central London.
As of 2024, the King Charles III will have a very low budget, because the British government announced this Thursday, 20, that public resources allocated to the monarch will be cut in half. Sovereign grants, used to finance the official duties of the country’s royalty, will now be calculated at 12%, and not 25%, of the profits of the Crown Estate, the company that manages the land and properties that are the public property of Charles III. The estates are not part of the monarch’s personal estate or government property, but serve as the basis for calculating the royal budget. The change comes at a time when there has been a significant increase in Crown Estate profits in recent months. This decision will be followed for the following years, 2025 and 2026, and the fall in supply will be even greater. According to the British government, 130 million pounds (R$ 804 million) will be cut each year.
The second is the British portal ‘Daily Mail’, the decision to reduce the amount transferred to Britain’s monarchy was based on a review by the Royal Trustees, the UK Prime Minister Rishi Sunak, the Finance Minister, Jeremy Hunt, and those responsible for managing the estate of King Charles III. According to the group, the British government said in a note that “this money will be used to fund essential public services for the benefit of the country.” In January, according to ‘Daily Mail’Charles III had already demanded that windmill profits go to the public rather than royalties.
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