that the leasing arrangements will generate 1 billion pounds per year for at least three years.
Britain is a world leader in offshore wind energy. But to understand how that can impact the king, it’s necessary to dive into the complicated world of royal finances. The royals receive a taxpayer-funded “Sovereign Grant,” a sum that’s used to cover the operating costs of the royal household, paying for things such as staff salaries, garden parties, property maintenance and travel.That figure isn’t plucked from the air.
Still, if the value of the Crown Estate’s portfolio rises as offshore wind becomes a bigger part of Britain’s energy sector, then the value of the Sovereign Grant fund would increase as well.Graham Smith, the head of the anti-republican group Republic, said that the moves by the palace are “disingenuous spin, it’s not their money, they aren’t gifting anything, but they are trying to preempt a government reduction in the percentage by saying it was a ‘request by the king.
i’ve never seen someone get so much cynical push back for giving away £100s of millions of pounds 😂
He’s trying to get into someone’s good books ahead of a possible coronation
Does it matter WHY he’s trying to help the public? Take the money for the public, then do the review anyway
It will be a pittance, so yes just a PR exercise. Wind farms hardly generate much
Of course he's trying to generate good publicity. Even non critics would say that. Every single politician or 'leader' seeks good publicity.
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