The King goes green by fitting solar panels to the roof of Windsor castle and converting his Bentleys to bio-fuel but he's buying two new helicopters to help get around.
The King goes green by fitting solar panels to the roof of Windsor castle and converting his Bentleys to bio-fuel but he's buying two new helicopters to help get around.July 24, 2024 6:30 am, the monarchy’s hereditary land and property holdings, more than doubled to a record £1.1bn last year.jumped by more than £658m during the year ending 31 March, up from £443m the previous year.
Profits are paid directly to the Treasury, which apportions 12 per cent to the Royal Family as part of the Sovereign Grant to help support their official duties. The sovereign grant will be reviewed in 2026-27 to reassess the amount handed over to the palace and ensure it is an “appropriate level”. He warned that the high prices achieved in round 4 were unlikely to be sustained in future licensing rounds.
Borrowing is likely to amount to between 10 and 20 per cent of its £16bn property portfolio, and he said it would bolster profits in the “medium to long term”.totaling 180,000 acres across the UK, including valuable estate across Regent Street and St James’s in central London. The estate suffered from a post-pandemic fall-off in demand for office space which is only now returning.
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