- Jug Ears the First gets £40m MORE pay rise Archived Message
Posted by RaskolnikovX
on July 20, 2023, 7:24 pm
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https://www.dumptheguardian.com/uk-news/2023/jul/20/king-charles-to-receive-huge-pay-rise-from-uk-taxpayers King Charles to receive huge pay rise from UK taxpayers Details published by Treasury show royal family’s grant is expected to increase from £86m to £125m in 2025 King Charles III is to receive a huge pay rise from the UK taxpayer, according to government plans to boost public funding of the monarchy by 45% from 2025. Details of the increase, which comes against the backdrop of a cost of living crisis, were contained in a review of royal funding published by the Treasury on Thursday. It revealed the royal family’s grant is due to increase from £86m to £125m. The monarchy’s annual budget, known as the sovereign grant, is pegged against the profits from a national property portfolio called the crown estate. The review of the royal funding settlement was heavily spun by the Treasury to give the impression that the king would be taking a pay cut so that crown estate funds could instead be spent on public services. In fact, the report reveals the monarchy is due to receive a huge pay increase, although the rise will not kick in for another two years. I'm just reading "Living Off the State" by Jon Temple which details how absurd this all is and then they bung him another 40 mill. FFS. |
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