Heating down but spending up for royal finances

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Heating down but spending up for royal finances
Belgique Dernières Nouvelles,Belgique Actualités
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Royal residences have the heating kept at 19C, as spending rises to almost £108m, annual accounts show.

The running costs of the monarchy - such as for official visits and residences - are funded by the "Sovereign Grant", currently calculated as being 25% of the profits of the Crown Estate.But spending was almost £21m higher than the Sovereign Grant, with palace officials attributing the extra costs to:the King's accessionThe 10-year £369m project to repair Buckingham Palace had £34.5m allocated this year.

On average, about 500 Royal Household staff were being paid by the Sovereign Grant during the year - and there were questions about efforts to increase diversity, with the proportion belonging to ethnic minorities, 9.7%, showing no change since last year. In separate accounts, the Duchy of Cornwall reported profits of about £24m, in a transitional year that saw the new Prince of Wales replacing his father as the recipient.Keeper of the Privy Purse Sir Michael Stevens said the annual finances covered an unprecedented "year of grief, change and celebration".

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Belgique Dernières Nouvelles, Belgique Actualités

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