King Charles has asked for profits from a £1 billion-a-year Crown Estate wind farm deal to be used for the “wider public good” - rather than as a funding boost for the monarchy
King Charles has asked for profits from a £1 billion-a-year Crown Estate wind farm deal to be used for the “wider public good” rather than as a funding boost for the monarchy.
But 74 year old Charles, who highlighted the cost-of-living crisis in his Christmas message, has requested that the extra funds “be directed for wider public good”, instead of to the Sovereign Grant, at a time when many are facing financial hardship. The monarch surrenders the revenue from the Estate – more than £312 million a year – to the Treasury each year for the benefit of the nation’s finances, in exchange for the Sovereign Grant.
The Sovereign Grant is based on funds two years in arrears, so any boost in Crown Estate profits and new percentage arrangements would not impact the grant until 2024-2025.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
King Charles to divert profits from £1bn offshore wind farm deal for the ‘public good’King Charles has asked for millions of pounds of profits from a £1bn per year Crown Estate offshore wind farm deal to be used for the 'wider public good”
Weiterlesen »
King Charles to divert Crown Estate windfall to 'public good'The King wants to cut the royal slice of Crown Estate profits, which are rising after a £1bn wind farm deal.
Weiterlesen »
King Charles will visit Greater Manchester this weekIt will be the first visit from a reigning monarch since 1988
Weiterlesen »
Queen Consort Camilla reflects on 'precious time' in Scotland with King CharlesQueen Consort Camilla has reflected on 'precious time' in Scotland with her husband King Charles III. Find out more here...
Weiterlesen »
When is King Charles's coronation date and will it be a bank holiday?King Charles III will celebrate his Coronation date in the summer of 2023 but what's the date? And will the UK public get an extra bank holiday? Here's the latest.
Weiterlesen »
King Charles hands over wind farm profits for ‘wider public good’\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Weiterlesen »