The millions of pounds King Charles receives from the taxpayer will be slashed in half next year, it was revealed today.The Sovereign Grant – used to fund the monarchy's official duties – will be 12% of the Crown Estate's net profits next year, down from 25%, the Treasury has announced. The Treasury said the Royal Household's budget will be £24 million lower next year and £130 million lower in both 2025 and 2026, than if the rate remained at 25%.
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