Prince Charles’s Income From Taxpayers Rises 18 Percent – Inflation? What Inflation?

The Prince of Wales received £1,962,000 from taxpayers last year, up from £1,664,000 the year before.


Prince Charles’s income from his Duchy of Cornwall estate also rose last year.

Prince Charles’s income from taxpayers rises 18% (Guardian, June 28, 2011):

The Prince of Wales’s funding from the taxpayer increased by nearly 18% last year, official accounts show.

Prince Charles‘s income from grants-in-aid and government departments rose 17.9% from £1,664,000 to £1,962,000.

He also saw his private funding from the Duchy of Cornwall – the landed estate given to the heir to the throne – go up by nearly 4% to £17,796,000.

The prince’s tax bill soared by more than £900,000 last year, rising 26.2% to £4,398,000.

Charles and the Duchess of Cornwall travelled some 34,000 miles to and from official engagements in 2010/11, including more than 14,000 miles on overseas trips.

Spending on official travel by air and rail came to £1,080,000, up £388,000 or 56% from the previous year.

Charles and Camilla visited Portugal, Spain and Morocco in March and April, and toured India last October after the prince opened the Commonwealth Games in Delhi.

Their transport costs rose, despite travelling 8,600 fewer miles last year, the accounts show.

The Prince’s principal private secretary, Sir Michael Peat, said the accounts showed an increase in costs because the major royal overseas trip to Canada in 2009 was paid for by the Canadian government.

“Actually, the carbon emissions and the miles travelled have gone down because their royal highnesses did longer journeys overseas in 2009/10 than they did in 2010/11,” he said.

Charles’s funding from the Duchy of Cornwall fell slightly in real terms, with rental income flat and the increase coming largely from investments in bonds.

Peat said this was “in the circumstances a very creditable performance”.

The Prince’s non-official expenditure rose £488,000, or 50%, to £2,539,000, in small part to cover expenses related to the royal wedding between the Duke and Duchess of Cambridge in April but primarily because Charles has increased his personal donations to charity.

The full-time equivalent of 132.8 members of staff were employed to support Charles, Camilla, William, Kate and Prince Harry at the end of March this year, up from 124 in 2010.

Five new aides have been taken on – three to work for the newly created royal households of William, Kate and Harry, one to assist with the Prince of Wales’s website, and one at Charles’s estate in Highgrove, Gloucestershire.

The other extra positions were either temporary staff taken on to help with arrangements for the royal wedding or vacancies that had not been filled in 2010.

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History:

The British Royals since 1714 are coming from the House of Hannover and the House of Saxe-Coburg-Gotha. The Royals are ‘really’ Germans.

The royal family’s official name, or lack thereof, became a problem during World War I, when people began to mutter that Saxe-Coburg-Gotha sounded far too German. King George V and his family needed a new English-sounding name. After considering everything from Plantagenet to Tudor-Stuart to simply England, the king and his advisors chose the name Windsor.

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