King Charles III’s annual income is reportedly set to increase by more than 50% after the total revenue of the official crown estate rose significantly over the last 12 months.
Posting record-breaking profits since King Charles was coronated back in May, raking in a total of £1.1 billion for the 2023/24 financial year, the crown’s budget is now being adjusted, with a review set for 2026/27.
As per the official royal accounts published this week, the sovereign grant which helps fund members of the royal family and their civic duties is set to rise from £86m this year to £132m in 2025/26, meaning the King is set for a whopping £45m (approx. 53%) pay rise.
The royals currently receive 12% of the crown estate’s overall profits and as the majority of Britain continues to struggle with a cost of living crisis, it’s also the details surrounding last year’s outgoings and overall expenditure that have proved tough reading for many.
It makes no sense that profits from renewable energy projects are funnelled out of poor coastal communities to fund the refurbishment of Buckingham Palace.
Wealth from our natural resources should be invested in our people and communities. https://t.co/D4ZzzFiffk
In addition to roughly £600,000 of the sovereign grant being spent on the King’s coronation and other related events last year, the monarchy’s accounts also revised the £369m set aside for renovations in and around Buckingham Palace, let alone other royal residences.
ADVERTISEMENT
According to The Guardian, “Royal accounts also show that the Prince of Wales received £23.6m income from the Duchy of Cornwall in his first full year after inheriting the land and property-owning estate from his father.”
Frogmore Cottage, located on the Windsor estate, saw a £2.4m refurbishment on behalf of the Duke and Duchess of Sussex as well but has remained empty for more than a year – though the costs have reportedly since been returned to the public purse.
ADVERTISEMENT
Perhaps one of the toughest/most frivolous to swallow for the taxpayer, though, is the revelation regarding the two new helicopters. Set to replace the existing aircraft used by the royals for the last 15 years, the two new AgustaWestland AW139s are said to cost £8m a pop.
Making 170 journeys last year and costing a total of £1,096,300, the monarchy’s travel bill rose from £3.9m to £4.2m all-told, with the official royal train remaining the most expensive per mile.
Elsewhere, in the King’s Speech (written for him) following Labour’s landslide updating of the Conservative Party after 14 years, Charles said: “Stability will be the cornerstone of my Government’s economic policy and every decision will be consistent with its fiscal rules…
ADVERTISEMENT
“Securing economic growth will be a fundamental mission. My Government will seek a new partnership with both business and working people and help the country move on from the recent cost of living challenges by prioritising wealth creation for all communities.”
While the crown and government have reiterated the aim of “rising living standards”, many Brits will understandably struggle to take these words as sincerely as others, with urgent action needed to support some of the poorest regions across the nation.
Manchester’s iconic inflatable monsters are set to invade the city centre again this Halloween
Emily Sergeant
Dozens of huge inflatable monsters are set to invade Manchester next month, as Halloween returns to the city for 2024.
Yes, it’s that time of year yet again… the monsters are back.
After several years of looming over Manchester‘s most-notable rooftops and lurking around famous city centre sites, it’s been revealed that the iconic MCR Monsters will be returning for another year of spooky celebrations next month, along with loads of other terrifying tricks and treats – with something for the whole family to get involved with.
Organisers CityCo and Manchester BID are gearing up to “roll out the blood-red carpet” for its legendary and monstrous guests in a couple of weeks time.
This year’s annual Halloween in the City celebrations will kick off with a week-long colourful invasion of the MCR Monsters, before being followed by a two-day family festival across the city’s popular shopping destinations.
Crawling their way back into the city from Friday 25 October through to Halloween itself on Thursday 31 October, the epic MCR Monsters inflatable art trail – which is created by artists Filthy Luker and Pedro Estrellas – will be taking over leading locations like Manchester Arndale, Harvey Nichols, Selfridges, Corn Exchange, and New Century, with many more sites set to be announced soon.
A brand-new monster called ‘The Leech’ will be heading to town to join to celebrations this year, alongside some other spookily-similar faces from years’ past.
Buildings across the city will also be turning a ghoulish green once the night falls, while you can also expect to see thousands of little pumpkin lanterns adorning the city’s streets once again.
There’ll be something for all the family to / Credit: CityCo (via Supplied)
Some of the other fan-favourite events on the jam-packed Halloween in the City lineup confirmed to be returning this year are the ‘Monsters Rock! Music Festival’, with spooky live bands and DJs, as well as gruesome games and competitions, the popular ‘Team Trick v Team Treat’ fancy dress challenge, and the hair-raising monster procession ‘Rock! Party Procession’ – which will feature giant puppet monsters, stilt walkers, and a live band marching their way through Manchester Arndale and on Market Street.
Thousands of families are expected to come into the city centre dressed in their scariest costumes over Halloween weekend on Saturday 26 and Sunday 27 October.
Jane Sharrocks, who is the Chair of Manchester BID, said Manchester is set to transform into the “ultimate Halloween playground” this year, and that organisers are planning 2024 to be the “most thrilling year yet”.
“As the first UK city to host these incredible creatures, Manchester has become the ultimate Halloween destination,” Jane added.
Halloween in the City officially returns to Manchester on Saturday 26 and Sunday 27 October, with the monsters descending from Friday 25 October and the pumpkins potentially even earlier, so make sure to keep your eyes peeled.
Featured Image – CityCo (via Supplied)
News
‘Life-changing’ scheme helps house hundreds of Greater Manchester’s homeless people
Emily Sergeant
Hundreds of homeless people in Manchester have now been helped “get back on their feet” thanks to a successful pilot housing scheme.
Greater Manchester’s ‘Housing First’ pilot scheme was rolled out in 2019.
The scheme is all about recognising that “a good home has to be the first step to a good life”, according to Greater Manchester Combined Authority (GMCA), and since it was first introduced, it has primarily been helping people with chronic and long-standing experiences of homelessness into homes of their own, without preconditions.
Ongoing personalised wraparound support to manage issues, ranging from mental health problems to substance misuse, is also a key part of what the scheme’s all about.
Since 2019, the scheme then has helped a total of 413 people find “good, safe homes”, GMCA has revealed.
Around 75% of those housed have also sustained their tenancies too, with some even going on to form part of Housing First’s co-production panel – sharing their experiences, and making sure that the service continues to meet people’s needs.
Giving everyone a good, safe home is one of the best investments this country can make.
That’s why we want to take the lessons of our @GMHousingFirst pilot & follow @FinlandInUK by adopting it as our philosophy in Greater Manchester.
Because of the clear success of the pilot in our region, Greater Manchester and Mayor Andy Burnham are now calling on the Government to take the lessons learned from the scheme and embed them into a new approach to tackle the housing crisis nationwide.
Andy Burnham says he believes that giving everyone a good, safe home would be “one of the best investments the country could make”, as it would “take pressure off” other public services and public finances, and declared that our region is ready to follow in Finland’s footsteps by becoming the first UK city-region to adopt the ‘Housing First’ philosophy permenantly.
“The evidence is clear that it works, and when a pilot scheme gets results it shouldn’t end there – it should become the new normal,” Mr Burnham said.
A ‘life-changing’ scheme has helped house hundreds of Greater Manchester’s homeless people / Credit: Manchester City Council
“Housing First has shown that if you give people an unconditional right to safe and secure housing, backed up with personalised support, you set them up to succeed, so instead of winding it down, we should be scaling it up and turning it into a national mission.
“We’re starting that here in Greater Manchester.
“We’re bringing in new protections for renters, tackling bad landlords, and with the right powers and funding, we can deliver 75,000 new homes in this parliament.
“Our new Housing First Unit will drive this work forward, bringing together partners across our city-region with a clear goal – a healthy home for everyone in Greater Manchester by 2038.”