King Charles has revealed his tax bill - here's what's in it
By ITV News
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Watch the full podcast out soon on the Talking Royals YouTube channel: https://www.youtube.com/@ITVNewsTalkingRoyals The core funding of the monarchy is to jump to £100 million a year, almost doubling in the space of three years. Under a new formula for calculating the Sovereign Grant, which pays for the royal family’s official duties and the upkeep of royal palaces, the Royal Household is to receive £99.9 million as a core grant in 2027-28. This would equate to a jump of £48.1 million compared with the core grant of £51.8 million in 2024-25. The change was decided upon by Royal Trustees – outgoing Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves, and the King’s Keeper of the Privy Purse and Treasurer James Chalmers. The boost will be used to pay for a backlog in maintenance at occupied royal palaces, strengthen cyber-security at royal residences, and for the installation of energy efficient heating systems, with £11 million set aside to replace boilers nearing the end of
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