Why Is King Charles Set To Get A Pay Rise From UK Taxpayers?
Why Is King Charles Set To Get A Pay Rise From UK Taxpayers?
He'll be expecting a cool £39 million annual increase in 2025.
There’ll be an increase of 45% funding for the royals from 2025, according to details of a royal funding review from the treasury, released on Thursday. The amount of money put into the grant each year is proportional to the amount the royal family’s national property portfolio ('the crown estate') makes in profit. This is part of a formula system announced by David Cameron’s government in 2011, which removed the parliament’s control over royal funding.
He's going up from effectively paying 75% tax to 88%... He's fully entitled to increase his funding by way more than 45% but the government are keeping a larger chunk rather than increase it by a silly amount, I don't see a problem with that
Considering it is the monarchy, I wouldn‘t call it a tax. The monarchy receives a lot of money because it owns so much land. Now they even have to slash the funding, so the amount doesn‘t become too ludicrous. Maybe a broader debate is necessary, because people are starving right now.
[The researchers] also estimated the hit to local economies as a result of below- inflation pay settlements for public sector workers across the country. The research showed the implied offer of 8.7% on average for public sector workers over two years between 2022 and 2024 amounts to a real- terms pay cut of 8%
Austerity led to twice as many excess UK deaths as previously thought
Cuts to public services and living standards across Britain from 2010 contributed to 335,000 excess deaths – twice as many as previously thought, according to new research. These austerity measures were introduced by the coalition government elected into office that year, partly in response to the banking crash of 2008.
Ann Widdecombe: don’t have cheese sandwiches if you can’t afford them
The former Brexit party MEP said there was no “given right” for low food prices, despite being told families “cannot afford to feed their children” and were having to make huge sacrifices as the cost of living crisis deepens.
Austerity is pushing thousands of families to the brink in Stoke-on-Trent
Lead researcher Professor David Etherington, Staffordshire University, said: “We are heading towards a humanitarian crisis. The cost-of-living for many people in Stoke-on-Trent was already high before 2022, due to poorly paid work and cuts to the welfare state, meaning many people struggled to meet their basic needs and pay their bills. What we are seeing is more people falling deeper into debt.”
I could continue that almost endlessly given the research on austerity in the UK, but I guess you got point.