The cost of grant funding supporting the Royal Family is set to rise by more than 53% to £132 million next year, an increase of £45 million.
According to the official Royal Accounts published earlier this year, huge profits of more than £1 billion from the Royal Estate will see the taxpayer-funded Royal Grant, which covers the Royal duties, increase from £86.3 million in 2024-25 to £132 million in 2025-26.
Republic, an anti-royalist group, has analysed the “true cost” of the monarchy to the British people and claims it now exceeds £500 million a year.
Officials said the extra funding would go towards the 10-year, £369 million refurbishment of Buckingham Palace. Republic chief executive Graham Smith said: [the chancellor] Rachel Reeves believes tough decisions are needed in these difficult times, and she thinks they need to start with the royal family.
“We're being told the Budget will be a painful one. If that's true, cuts must start from the top. Can we discuss cutting the Winter Fuel Allowance whilst wasting £500 million on the Crown?”
Republic claims the biggest chunk of the funding, £150 million, was spent on royal security, with a further £96 million going to “lost revenue”, as the report says the royal residences are “inhabited by the Royal Family and the nation cannot realise its full potential”.
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