The Sovereign Grant has been changed after the Crown Estate saw a surge in profits due to offshore wind projects. Sky's Royal Correspondent laurabundock gives more on the story. See it here 👉 📺 Sky 501
The Sovereign Grant has been changed after the Crown Estate saw a surge in profits due to offshore wind projects.
The fund, used to finance the monarchy's official duties, will be 12% of the Crown Estate's net profits next year, down from 25%, the Treasury has said. Cutting the rate to 12% is expected to reduce the Sovereign Grant by £24m next year, and £130m lower in 2025 to 2026, compared with the rate staying at 25%.Part of it is expected to go towards the reservicing of Buckingham Palace, works aimed at preventing a serious risk of fire, floods, and damage to the building.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Just Stop Oil: Activists 'committed criminal damage' by spraying government building, Grant Shapps saysProtesters say they targeted the Department for Energy Security and Net Zero after it issued more than 100 new oil and gas licences - claiming it will make it harder for the government to achieve net zero.
Lire la suite »
Nottinghamshire pubs shortlisted in Great British Pub AwardsOne took the crown as best family pub last year
Lire la suite »
Whitestake mini bungalow estate plan rejectedLong Moss Lane Pic: Google Plans for a small estate of retirement bungalows in South Ribble have been rejected by councillors – because of the protected s
Lire la suite »
Sizewell C: Another government 'vote of confidence' in nuclear planEnergy secretary Grant Shapps is promising an expansion of nuclear power at 'unprecedented' pace.
Lire la suite »