King Charles III made a salary increase of $ 60 million wait while the British struggles with the cost of living

King Charles III The monarchy will not get a salary increase this year, but the Sovereign grant increases by more than 45 million pounds or around 60 million dollars in 2026-2027, have shown the accounts.

As many of his British colleagues are facing a cost of living crisis, the subsidy which is paid by the public and used for royal spending and the maintenance of royal assets, remained around 86 million pounds ($ 110 million) for the 2024-2025, according to the latest annual figures in the Crown domain. The subsidy will increase to around $ 170 million next year and will remain stable for 2026-2027.

The increase of more than 53% occurred while the monarchy has brought back record profits to wind erection to Crown Estate, which is a vast royal collection of land and properties across the United Kingdom. This will be used mainly to finance the Renovation of the Buckingham PalaceAccording to a Sovereign subsidy report Released on Tuesday.

Funded by the taxpayer, the sovereign subsidy is used to support the official monarch tasks and other costs such as official trips, thousands of commitments, the staff of the royals of work and the maintenance of the occupied palaces.

It is based on a proportion of benefits from the Crown Estate, an independently managed asset portfolio, including luxury properties in the center of London, historic domains, rural land and seabed from England, Wales and Northern Ireland worth around 15 billion pounds ($ 20.6 billion).

The assets are hereditary goods held “to the right of the crown”, the profits of which are added to the British Treasury. The subsidy is examined every five years and should then be examined through legislation in 2026-27 to maintain the funding of the royal family at an “appropriate” level.

Control of the succession was rendered in 1760 by King George III in exchange for a percentage of profits.

In addition, the king receives income via the private bag of the Duchy of Lancaster, an landed area, while William, the Prince of Wales, receives the net profits from the Duchy of Cornwall.

In addition, the royal family also received an additional income of 21.5 million pounds ($ 29 million) from a record year of visitors to the Buckingham Palace.

The raw part of the monarchy has climbed since the Crown domain timed in a net profit of revenues of 1.1 billion pounds (1.5 billion dollars) in 2024-25, which included “an exceptional short-term increase in offshore wind rental”, declared Dan Labbad, its managing director, in a separate report Released on Tuesday.

Part of the sovereign subsidy is used to finance the “reservation” of Buckingham Palace and 369 million pounds ($ 475 million), which includes modernization construction services, new elevators and mechanical piping. The monarchy has already spent 266.5 million pounds ($ 367 million) from the amount of service agreed, according to the subsidy.

Expenditure also included more than 800 royal events with nearly 100,000 guests, 539 full -time employees.

In February, Charles took delivery of two new helicopters to replace helicopters of existing 15 years “because of their unique capacity to access distant regions of the United Kingdom which are not served differently,” said the report.

He added that the Royal Train, a favorite from Charles’s mother, Queen Elizabeth II, will be put out of service “following an in-depth examination on her use and her value for money”.

The news of the royal family budget was criticized in certain quarters of the United Kingdom where 4.5 million children, or about a third of the total population of children, were in poverty, an increase of 100,000 compared to the previous year, according to government statistics Posted in March.

It is estimated that 62% said their cost of living increased in May compared to April, according to the Opinions and investigation into lifestyle Directed by the UK office for national statistics. The survey said that 92% of all people also said that food purchases had become more expensive during the same period.

“Half a mini-milliard could greatly help relieve part of this poverty,” News Graham Smith, director general of the anti-monarchy campaign group said in NBC News in NBC News in a telephone interview.

“This money is rather spent on their personal lifestyles, their helicopters and two dozen palatial houses. It’s just criminal,” he added.