How Tory royal funding deal gave rise to King Charles’s potential cash windfall

Monarch rejects £250m pay rise resulting from David Cameron’s ‘generous’ shake-up of royal funding

King Charles III’s public rejection of a pay rise potentially worth as much as £250m a year in extra taxpayer money has laid bare the extraordinarily generous funding arrangement introduced by the former prime minister David Cameron.

The sovereign grant deal, ushered in by Cameron and his chancellor, George Osborne, in 2011, has already resulted in a sharp rise in public money going to the monarchy over the last decade.

£86.3m sovereign grant to the monarchy in 2022

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