The Royal Family’s eye-watering financial situation has been revealed and people are not happy

The UK public has reacted with outrage after it was revealed that the Sovereign Grant—used to fund royal duties—will rise by over £45 million, despite widespread financial hardship across the country.

The Sovereign Grant, created under the 2011 Act, pays for King Charles III’s official responsibilities, travel, staffing, and maintenance of royal properties. It’s entirely taxpayer-funded and tied to profits from the Crown Estate, a vast collection of royal assets.

For 2024–2025, the Grant was £86 million, but will rise to £131 million by 2026. This 53% increase follows unexpected profits from Crown Estate offshore wind projects and will primarily fund the continued refurbishment of Buckingham Palace.

The palace renovation project began ten years ago and has already used £266.5 million, with a further £369 million expected to be spent modernizing and upgrading the residence.

In addition to the Sovereign Grant, the King receives income from the Duchy of Lancaster, while Prince William benefits from the Duchy of Cornwall. The royals also earn £21 million annually from visitors to royal estates. However, King Charles is not receiving a personal income increase this year.

Many citizens have criticized the massive spending, especially while millions face poverty—an estimated 4.5 million children in the UK are currently living below the poverty line.

Critics like Graham Smith of Republic called the spending “criminal” and suggested the funds would be better used fighting poverty. Others argued the monarchy profits unfairly from public resources, while some defended it as a preferable alternative to private ownership.