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Prince Charles 'Conscious' of Cost-of-Living Crisis as Royal Spending Increases

Mounted soldiers pass Buckingham Palace in London.

Mounted soldiers pass Buckingham Palace in London.

Photographer: Jason Alden/Bloomberg

The royal family is "extremely conscious" of the cost-of-living crisis affecting the nation, with the Prince of Wales paying very close attention to the matter, a royal source has said.

Royal accounts published on Thursday showed the monarchy's taxpayer-funded spending came to £102.4 million during 2021/22 - an increase of £14.9 million, or 17%, on the previous financial year.