The British Royal Household released its annual financial statement on Thursday, revealing that official spending for the year 2022-2023 exceeded the Sovereign Grant and other royal earned income.

The monarch, 75, introduced a series of cost-cutting measures in a desperate effort to slash the royal family's spending, the annual Sovereign Grant reveals. Primary Menu Sections.

King Charles III's monarchy will not get a pay raise this year, but the Sovereign Grant will go up by more than 45 million pounds or around $60 million in the 2026-2027 year, accounts showed.. As ...

Palace Reveals King Charles Had to Dip into Cash Reserves During Expensive Royal Year. The latest Sovereign Grant report shows that the British royal family spent 5% more than the previous year. By.

Royal spending is at a record high, having shot up by more than £14 million in the past year—even as much of Britain feels an economic pinch, and the royal family faces more scrutiny than ever.

The Sovereign Grant, the mechanism used to fund royal spending, will rise from over 86 million pounds ($110 million) in 2024-25 to around 132 million pounds ($170 million) in 2025-26, because of a ...

Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now ...