Royal accounts show that a change in monarchs, double-digit inflation and ongoing costs of renovating Buckingham Palace contributed to a 5% increase in publicly-funded spending by Britain’s royals.
The production company founded by Prince Harry and his wife, Meghan, is splitting ways with Spotify less than a year after the debut of their podcast “Archetypes.”
The annual report said the past year was a “period of significant transition” for the monarchy, with extra costs including the Platinum Jubilee of Queen Elizabeth II last summer, her funeral in September and the accession of her heir Charles. The queen’s funeral and events around the ceremony cost 1.6 million pounds , while a further 700,000 pounds was spent on her Platinum Jubilee. Officials have not revealed the costs for Charles and Queen Camilla’s extravagant coronation ceremony, which took place in May and was not covered in the report, which accounted for royal finances up to the end of March.
The Sovereign Grant is public funding to support the official duties of the monarch and other costs such as official travel, hundreds of engagements, staff for working royals and maintenance of occupied palaces.
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