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Royal household hit by ‘difficult’ post-pandemic credit score crunch as expenditure soars

Royal household hit by ‘difficult’ post-pandemic credit score crunch as expenditure soars

Britain’s royal household has been hit by a ‘difficult’ post-pandemic credit score crunch as Buckingham Palace’s expenditure continued to rise.

In accordance with the small print supplied by the monarch’s Keeper of the Privy Purse, Sir Michael Stevens, yesterday, round £102.4 million have been spent final yr which marks an increase of 17 per cent from the earlier yr.

Many of the expenditure quantity was spent on the most important ten-year programme of the continued renovation of Buckingham Palace.

It was reported that round £54.6 million – a 41 per cent improve in spending, was siphoned off by the renovations alone.

The Sovereign Grant Report additionally confirmed a spike within the journey prices of the royal household from £1.3m to £4.5m after the in-person royal visits resumed after the pandemic.

Royal funds knowledgeable Norman Baker acknowledged, “The Authorities ought to have a whole rethink of how taxpayers’ cash is allotted to the Royal Household.

“Now we have no say in how the royals select to make use of non-public jets or helicopters, that are all paid for out of the general public purse, and whereas bizarre individuals are struggling it isn’t proper.”

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