Carlos III transfers part of his income to the United Kingdom

Six new offshore wind farms dotted around United kingdom. And built on royal soil. This is what the Crown Prince announced, on Thursday, an agreement to build these facilities on some of its lands, which he estimates may generate annual profits of 1,000 million pounds, or about 1,140 million euros, for a period of at least three years. .

he they change who submits King Charles III: giving to the “public benefit” a part of the income corresponding to it by the sovereign subsidy which the king annually receives to cover official shortcomings and obligations.

royal tradition

Michael Stephens, in charge of the monarchy’s finances, has written to British Prime Minister Rishi Sunak, and to the Chief of the Exchequer, Jeremy Hunt, to ask that This amount is “appropriately reduced”which feeds on the profits from the exploitation of the historic royal property and lands, which have been administered by the state since the eighteenth century.

In return, the King of the Day receives a grant which she is currently 25% of the proceeds of the “crown state” (Crown Assets), which was estimated last year at 86.3 million pounds (984 million euros).

Carlos III proposes to reduce the proportion of these new incomes That they go to real subsidies – a large part of which will be held by the state – which will certainly be reflected in the amount that you receive in the fiscal year 2024-25.

A way to get close to people

According to some media, with this sovereign initiative Try to get along with the residents Amid the general malaise prevailing in the country due to the high cost of living, with a crisis due to the high cost of living. inflation. These six wind farms can power more than seven million homes.

See also  The Bank of England warns how weak global markets will impact the UK

But, above all, the King’s decision also coincides with the recent publication of the memoirs of his youngest son, Enrique, which revealed completely negative details of the royal family. Especially the details of his relationship with his father, the king, and his heir brother, William.

Leave a Reply

Your email address will not be published. Required fields are marked *