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.
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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.
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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…
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“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.
Passengers warned of ‘disruption’ ahead of more Bee Network bus strikes this weekend
Emily Sergeant
Bus services across Greater Manchester will be disrupted later this weekend as drivers from two companies stage strike action.
In what is the latest chapter in a long-running dispute, Transport for Greater Manchester (TfGM) says it has had confirmation that staff from two operators, Stagecoach and Metroline, will go ahead with further planned strikes this weekend.
If this is the first you’re hearing of the upcoming industrial action, 2,000 workers who were employed by Stagecoach, Metroline Manchester, and First Bus Rochdale – each of which are firms among those that make up the bus part of the Bee Network – walked out in a number of co-ordinated strikes earlier this month amid an ongoing pay dispute.
Unite the Union said each of the firms are ‘highly profitable’ and it’s therefore ‘disappointing’ that workers are being denied a fair wage.
In this case, Unite has confirmed that drivers at First have called off further action after voting to accept a revised pay offer.
Passengers are being warned of ‘disruption’ ahead of more Bee Network bus strikes this weekend / Credit: TfGM
However, both Stagecoach and Metroline staff have opted to proceed with strike action onFriday 10 October, Saturday 11 October, and Monday 13 October.
This means that around 190 services, including some dedicated school buses, will not run on strike days, and TfGM is therefore advising everyone to ‘check before they travel’ and allow extra time to make their journey.
Bus services in Tameside, Trafford, and Stockport are not expected to run, and some services in South Manchester, parts of the city centre, and Rochdale will also be impacted.
Many bus services will continue to run ‘as usual’, however, and this includes services such as the Free Bus in Manchester city centre, as well as the majority of buses in Bolton, Bury, Salford, and Wigan.
The strikes are the latest in an ongoing dispute over pay / Credit: TfGM
“While we are pleased that planned industrial action by First staff has been called off, we encourage Stagecoach, Metroline, and Unite to continue discussions to avert further strike action,” commented Danny Vaughan, who is the Chief Network Officer at TfGM.
“We’ll continue to keep passengers informed and support them to make journeys wherever possible. We encourage everyone to check the latest status of their service before they travel, leave plenty of time for their journey and to get in touch if they have any questions.”
Unite has indicated that further industrial action will also happen on Saturday 18, Thursday 23 and Friday 24 October.
This action could still take place, if pay negotiations are not concluded.
Featured Image – TfGM
News
First vendors confirmed Glossop Market Hall, including two indie Manc traders
Danny Jones
The first vendors for the upcoming Glossop Market Hall have been announced, and the lineup includes two beloved Greater Manchester independent businesses.
Better still, the third is another noteworthy name from the North West.
Glossop Market Hall is scheduled to launch later this year, setting up shop in the historic town hall complex, where the High Peak Borough Council, a retail shopping arcade and various other municipal buildings have stood in various different iterations for nearly well over a century.
With the Derbyshire town set to celebrate the opening of the newly revamped market hall, those behind the new Glossop attraction have now revealed the first three names set to take up residence there.
As you can see, the biggest names already signed on to cook from one of the six kitchens is a Manchester favourite food hall in its own right: Hello Oriental.
The Pan-Asian paradise not only has a subterranean space below Circle Square, but also at The Trafford Centre, as well as a dessert spin-off in Freight Island.
Indie trader number two comes in the form of B&V Trading, who are based at Stanley Square in Sale and specialise in eco-friendly, UK-made treats, toys and essentials for four-legged friends.
After proving a hit with the locals, their small stall at nearby Altrincham Market has grown to see them open up not just a second site in the leafy Cheshire suburbs of Knutsford back in 2022, but now boast a third location in neighbouring Macclesfield.
Speaking of Macc, local gin and whisky makers, Forest Distillery – based up at the famous Cat and Fiddle Inn pub towards the Peaks – they round out the first wave of regional businesses set to pop up in Glossop Market Hall (GMH) when it finally arrives this winter.
And once again, as the update on social media reads: “This is just the beginning”.
Natives, day-trippers and tourists from all over are bound to visit this place when it opens sometime in November (exact date still TBC), and with space not only for a dedicated bar, dining space and a coffee shop, but a total of 17 retail spaces, we can’t wait to see what comes next.
GMH becomes just the latest among a growing trend of food and drink halls popping up all over our part of the country, with virtually every Greater Manchester borough now boasting at least one of their own – or, in the city centre’s case, what feels like a dozen now.
Exhibit number… not sure, we’ve lost track at this point.
Danny Jones -
24th July 2024 
