Revelations on Royal Income from Public Property Leases Stir Controversy
An investigation reveals King Charles III and Prince William earn millions from leasing properties to public institutions, raising ethical concerns.
- The Sunday Times and Channel 4 investigation uncovers that King Charles III and Prince William own 5,410 properties across England and Wales through the Duchies of Lancaster and Cornwall.
- These properties generate substantial income by leasing to public entities like the NHS, the Ministry of Justice, and the Royal Navy.
- The royal family's income from these leases coincides with a proposed 53% increase in the Sovereign Grant, sparking debate amid economic challenges in the UK.
- Critics argue that the private earnings from public institutions could erode public trust in the monarchy, especially as these institutions face budget pressures.
- Approximately 15% of the properties reportedly have poor energy efficiency ratings, prompting the duchies to claim environmental improvements are underway.