The Government is set to have to scrap a law guaranteeing the monarch will never take a pay cut after it unveiled plans to provide King Charles with a “temporary” increase of nearly £40m a year in the sum he receives from public funds cahalmilmo reports
How much is King Charles paid? Ministers set to have to scrap ‘golden ratchet’ pay guarantee after £40m boost
King Charles and the Queen attending the Brecknock agricultural show in Brecon, Wales this week. The share of profits from the Crown Estate paid to the monarch in the form of the Sovereign Grant is to fall from 25 per cent to 12 per cent. But bumper profits from wind farm licences mean the grant will nonetheless increase to £126m by 2026-27.
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