Good morning. Last year, King Charles and his late mother received £41.8m in income from the duchies of Lancaster and Cornwall – in real terms, about 16 times what the family received in 1952, when the queen came to the throne.
Since Elizabeth became queen, she and Charles received more than £1.2bn in income; the average British worker would have earned about £1.4m over the same period. The Duchy of Cornwall alone is worth more than £1bn, and the duchies pay no corporation tax or capital gains tax on their substantial investment portfolios. Given all of this, you may not be that surprised to learn that the royal family is extremely unenthusiastic to talk about it.
