Britain’s Royal Family overspent last year—but it says it’s been hit by inflation just like the rest of us

(Credit: Chris Jackson—Getty Images)

The Royal Family’s spending rose to £107 million ($135 million) last year—£21 million more than its funding from the government—despite efforts to curb costs and its publicly funded income remaining flat.

Annual accounts from the Royal Household showed that official spending rose 5% in the year to March 31 to hit the nine-figure sum.