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UK to Pay New £27.3 Million Subsidy to Royal Family as Taxpayers Face Cost of Living Squeeze

The royals’ annual accounts say spending up 53% in just four years and a forecast for declining revenue from the Crown Estate that helps pay their bills. 

Corrected

UK taxpayers will pay an additional £27.3 million ($33 million) over the next two years to plug a funding gap at the royal family and cover a drop in profit at the Crown Estate, which helps pay their expenses.

Demands for more government cash follow a 17% increase in spending by the royals last year and comes at a time when the average UK household income fell for the longest period since records began in 1955. Family incomes are 1.3% lower than the year before, and public-sector workers  have walked off the job in protest against pay offers below the current rate of inflation.