US News: Prince Charles Spending Tops £5m In The Year Harry And Meghan Married - PressFrom - United Kingdom
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US NewsPrince Charles Spending Tops £5m In The Year Harry And Meghan Married

05:05  25 june  2019
05:05  25 june  2019 Source:   huffingtonpost.co.uk

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Prince Charles Spending Tops £5m In The Year Harry And Meghan Married The Duchess of Cornwall, The Prince of Wales and the Duke of Sussex. The Prince of Wales was landed with a £5 million bill in the year Harry and Meghan married and the Duchess of Cambridge officially joined the royal family.

Charles pays for the public duties of Harry and Meghan and the Duke and Duchess of Cambridge, and some of their private costs, out of his multimillion pound Duchy of Cornwall income.

Royal accounts showed that the prince’s bill for the Sussexes’ and the Cambridges’ activities, plus other expenditure including Charles’s capital expenditure and transfer to reserves, was £5.05 million in 2018-2019, up 1.8% or £89,000 from £4.96 million in 2017-2018.

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Over two years, the figure has risen more than £1.5 million from £3.5 million in 2016-2017.

In the year Harry and Meghan married, Charles’s non-official expenditure increased by £155,000, up 5.2% to £3.16 million.

Clarence House’s annual report provides no detailed breakdown of the funding for the activities of the Sussexes and the Cambridges, with royal sources saying the details were private.

The prince contributed to the Sussexes’ wedding and hosted Harry and Meghan’s evening wedding reception at Frogmore House, where the newlyweds enjoyed a spectacular firework display and partied until 3am with celebrity guests.

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Prince Charles Spending Tops £5m In The Year Harry And Meghan Married © PA Archive/PA Images Charles pays for the public duties of Harry and William and their wives Meghan and Kate, and some of their private costs, out of his multimillion pound Duchy of Cornwall income A royal source said: “Their expenditure is met by help from their father or things that they would pay for themselves from their private expenditure.”

A video released as part of the yearly review featured footage of Meghan walking down the aisle at St George’s Chapel and being met by a beaming Harry.

The source added that having the Cambridges and Sussexes among the working royals supporting the Queen was “a great opportunity for the whole family” .

They added: “I wouldn’t say it was placing additional financial burdens.

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As heir to the throne, Charles is entitled to the surplus generated by the Duchy of Cornwall’s vast portfolio of lands, buildings and financial investments – which includes the Oval cricket ground and 67,000 acres of Dartmoor.

The prince’s annual private income from the hereditary estate fell slightly by £103,000 to £21.63 million in the year 2018/2019.

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The bill, met by taxpayers through the Sovereign Grant, covered work on the roof, the portico and the perimeter wall.

A royal source said: “The point is that there is this great building which is an old building and a venerable building and from time to time it needs a bit of maintenance, so we’ve had to do works this year on the roof, the portico and some work to shore up the perimeter wall.”

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Charles’s tax bill decreased by £152,000 to £4.7 million.

The cost of the prince and the Duchess of Cornwall’s official travel by air and rail rose by almost a third (31%) – jumping from £1.01 million to £1.33 million.

The prince’s taxpayer-funded Sovereign Grant income was up 66%, to £1.99 million, to cover the increased cost of travel and the Clarence House building works.

– The annual review covers the period from April 1 2018 to March 31 2019.

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