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The Guardian - UK
The Guardian - UK
National
Caroline Davies and David Pegg

King to receive extra £45m of public money as crown estate income soars

King Charles III NAO
The king’s crown estate profits have more than doubled. The accounts also show that £600,000 of the sovereign grant was spent on the coronation and related events last year.
The king’s crown estate profits have more than doubled. The accounts also show that £600,000 of the sovereign grant was spent on the coronation and related events last year. Photograph: Benjamin Cremel/AFP/Getty Images

King Charles is set for a huge £45m pay rise with an increase of more than 50% in his official annual income, official accounts reveal.

Profits of £1.1bn from the crown estate – a percentage of which funds the monarchy – mean the sovereign grant, which supports the official duties of the royal family, will rise from £86m in 2024-25 to £132m in 2025-26.

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