A change in monarchs, double-digit inflation and ongoing costs to renovate Buckingham Palace contributed to a 5% increase in publicly-funded spending by Britain's royals, royal accounts published Thursday showed.
The palace's annual Sovereign Grant report showed that net spending was up 107.5 million pounds ($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.
