Author: Caroline Davies and David Pegg

King Charles is in line for a substantial £45m pay raise, marking a more than 50% increase in his official annual income, as revealed by official accounts. The profits of £1.1bn from the crown estate will boost the sovereign grant from £86m to £132m in 2025-26. A portion of the crown estate profits fund the monarchy, covering official duties and the ongoing £369m Buckingham Palace renovation. The increase in the sovereign grant aims to complete the palace reservicing program by 2027. Prince Charles received £23.6m from the Duchy of Cornwall, maintaining the Prince and Princess of Wales’ finances. Following his…