King Charles III begins his journey with the ‘Procession of the Kings’, a two kilometer journey from Buckingham Palace to Westminster Abbey in central London before his coronation
From 2024 is the King Charles III will have the lowest budget because the British government announced this Thursday 20th that public funds earmarked for the monarch will be cut in half. The socalled government subsidies, used to fund the country’s official duties, are now calculated at 12% rather than 25% of the profits of the Crown Estate, the company that manages lands and lands that are public property Charles III . The assets are neither part of the monarch’s private fortune nor government property, but serve as the basis for calculating the royal household. This change comes at a time when Crown Estate’s profits have been rising significantly in recent months. The decision will tend to follow for the following years 2025 and 2026 and the decline in supply will be even greater. According to the UK government, the cut will be £130 million (R$804 million) each year.
Second British Portal ‘Chron’The decision to cut the amount transferred to the British monarchy was made on the basis of a review by the Royal Trustees, a group consisting of the Prime Minister of the United Kingdom, Rishi Sunak, the Treasury Secretary, Jeremy Hunt and the person responsible for managing the Estate of King Charles III, Michael Stevens. According to the group, “this money will be used to fund vital public services for the benefit of the nation,” according to a UK government statement. In January, loud ‘Chron’had Charles III. already demanded that the profits from wind farms should benefit the public and not the royalties.