Public funding for King Charles III and royals recalculated due to windfarm deal profits

The amount of public funding for King Charles III and the royal family’s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch’s Crown Estate, the U.K. Treasury said Thursday. Treasury officials say they will halve the proportion of the crown estate’s profits paid to the royals from 25% in recent years to 12% next year.

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