The cost of the grant that funds the monarchy is set to increase by over 53% in the next year to £132m, a rise of £45m. Official royal accounts revealed profits of over £1bn from the crown estate, leading to the taxpayer-funded sovereign grant increasing from £86.3m in 2024-25 to £132m in 2025-26. Republic, an anti-monarchy organization, claims that the true cost of the royal family exceeds £500m a year. The extra cash will be used for the decade-long, £369m update to Buckingham Palace. Graham Smith, chief executive of Republic, calls for cuts to the royal budget in tough economic times, questioning the half a billion pounds spent on the royals while discussing cuts to other public services. Republic’s analysis shows that the largest portion of the money, £150m, is spent on royal security and a further £96m in “lost revenue” as royal residences occupied by the royal family cannot be fully utilized by the state. The organization is urging the government to prioritize spending in a more efficient manner.
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Taxpayer-funded grant for UK monarchy set to increase by £45m
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