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Royals' public spending has gone up 5% in a year of historic change

Royals' public spending has gone up 5% in a year of historic change

BNN Bloomberg
Friday, June 30, 2023 1:02 AM GMT

A change in monarchs, double-digit inflation and ongoing costs to renovate Buckingham Palace contributed to a 5 per cent increase in publicly funded spending by the royals, according to accounts published Thursday.

The palace's annual Sovereign Grant report showed that net spending was up 107.5 million pounds (US$135 million) in the past year. It also said that King Charles III was behind a “concerted effort” by royal staff to turn down the heating at Buckingham Palace and other royal homes during the winter to cut emissions and costs.

Temperatures were set at 19 degrees Celsius — and a few degrees lower when rooms were empty, officials said.

The report also confirmed that Prince Harry and his wife, Meghan, have vacated their former home of Frogmore Cottage in Windsor — though officials declined to say who will be the next tenant.

Read full story on BNN Bloomberg
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