King Charles is preparing to use his axe in response to Harry’s accusations
King Charles III's plan to reorganize the royal family may soon materialize....
King Charles distributes royal income to the general welfare
According to King Charles, the money made by the Crown Estate from offshore wind projects should go to the Treasury rather than the Royal Family.
Days prior to the announcement, his son Prince Harry published a contentious book that was directed at the British royal family.
The King’s decision, according to the British media, will result in a decline in the earnings of the Crown Estate, from which working royals receive a 25% cut to pay for their offices and employment.
Even if offshore wind farms are earning more money, the Royal Household will still receive about the same amount of income.
Profits from the Crown Estate are transferred to the Treasury, which then distributes a portion as the sovereign grant to the Royal Family.
The British monarchy has been criticized for its extravagant lifestyles and huge operating costs by anti-monarchists who have long sought for its destruction.
Whether the King made the choice to repair the royal family’s damaged reputation as a result of Prince Harry’s Netflix documentary and his book “Spare” is unclear.
Catch all the Entertainment News, Royal Family News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.