The British monarchy's publicly-funded spending rose by 17% to 102.4 million pounds ($124 million) in the past year, with the renovation of Buckingham Palace taking up a large part of the expenses, royal accounts published Thursday showed.
Costs for official tours also went up, as the royals returned to making overseas visits after the lifting of coronavirus restrictions.
The Sovereign Grant is public funding to support the official duties of Queen Elizabeth II and other costs such as official travel, staff for working royals and the upkeep of occupied palaces. Queen Elizabeth II and members of the royal family stepped out on the balcony at Buckingham Palace Thursday at the start of the Queen's Platinum Jubilee.
Palace officials have said Prince Charles and the royal family pay close attention to rapidly soaring living costs and are “extremely conscious" of the crisis. The newspaper did not allege that anything illegal was done, and Charles' office denied any wrongdoing.
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