The King may have made the decision to improve the royal family's image.
 |
| Credit: Clarence House/Instagram |
King Charles has decided that the profits from offshore wind projects on the Crown Estate should go to the treasury instead of being allocated to the Royal Household.
This announcement follows the release of a controversial book by Prince Harry that targeted the British royal family.
As reported by the British media, the decision is expected to result in a reduction of Crown Estate profits for the working Royals, which currently provide about 25% of funding for their offices and work.
The Royal Household will still receive a similar amount of funding, but will not receive any extra profits from the offshore wind farms.
This announcement follows the release of a controversial book by Prince Harry that targeted the British royal family.
As reported by the British media, the decision is expected to result in a reduction of Crown Estate profits for the working Royals, which currently provide about 25% of funding for their offices and work.
The Royal Household will still receive a similar amount of funding, but will not receive any extra profits from the offshore wind farms.
 |
| Credit: Clarence House/Instagram |
The Crown Estate profits are typically passed on to the treasury, which then gives back a percentage as the sovereign grant to the Royal Household.
The decision has not been linked to any specific reason, but it is speculated that the King may have made the decision to improve the royal family's image, which has been negatively affected by Prince Harry's Netflix documentary and book "Spare."
Related: King Charles Omits Mention of Prince Harry and Meghan Markle in Christmas Speech
Read Next: Kate Middleton Allegedly Disappointed with Meghan Markle for Royal Family Division
The decision has not been linked to any specific reason, but it is speculated that the King may have made the decision to improve the royal family's image, which has been negatively affected by Prince Harry's Netflix documentary and book "Spare."
Related: King Charles Omits Mention of Prince Harry and Meghan Markle in Christmas Speech
Read Next: Kate Middleton Allegedly Disappointed with Meghan Markle for Royal Family Division
You can share this post!