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  "path": "/royal/royal-family-net-expenditure-rises-40-per-cent-one-year",
  "publishedAt": "2026-06-26T08:43:13.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "the King and Queen will not move into the iconic residence",
    "Prince William's trip to Saudi Arabia in February was the most expensive",
    "Prince William's £130,000 Saudi Arabia visit revealed as most expensive royal trip of the year",
    "Buckingham Palace unlikely to ever be lived in again",
    "Prince William joins King in publishing tax payments",
    "has faced significant criticism.",
    "The GB News Editorial Charter"
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  "textContent": "\n\n\nThe Royal Family's net expenditure rose by nearly 40 per cent from last year, the latest figures have revealed.\n\nThe 2025/26 royal accounts show the official net expenditure by the monarchy at £117.2million.\n\n###\n\n\n\n\nFrom 2024-25, where the figure stood at £85.2million, it has seen a dramatic 37.5 per cent increase.\n\nIncluded in the expenditure is a marked rise in property maintenance, costing £67.5million, up from £41.2million the previous year.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nIt was revealed yesterday that, despite £369million on property upgrades and essential maintenance at Buckingham Palace, the King and Queen will not move into the iconic residence, and no royals are likely to live there.\n\nIn 2025/26, the cost of official royal travel rose to £5.1million from £4.7million the previous year.\n\nOf the royal travel, Prince William's trip to Saudi Arabia in February was the most expensive of all, costing £130,106.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nHis trip narrowly surpassed the £126,946 spent on the King and Queen's four-day state visit to Italy in April 2025.\n\nThe Prince of Wales also took up third spot, with his Cop30 climate summit in Belém, Brazil, costing £78,542.\n\nAdditionally, the royal wage bill for staff this year was £33.7million, a rise of £3.8million in 2024/25.\n\nMeanwhile, the cost of housekeeping also grew by £300,000, to £3.5million.\n\n### LATEST ROYAL NEWS\n\n\n\n\n  * Prince William's £130,000 Saudi Arabia visit revealed as most expensive royal trip of the year\n  * Buckingham Palace unlikely to ever be lived in again\n  * Prince William joins King in publishing tax payments\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThe number of public engagements carried out by the King and Queen across the UK increased by 17 per cent, surpassing 700.\n\nAnd the King's income also rose; his private windfall hit £25.2million, increasing from £24.4million.\n\nThe monarchy will receive £99.9million in two years because of the £487million Crown Estate profits and under a new 20.5 per cent formula agreed with the Government, compared with £132million in 2025/26.\n\nThis decision, made by outgoing Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves, and James Chalmers, the King's Keeper of the Privy Purse and Treasurer, has faced significant criticism.\n\n###\n\n\n\n\n###\n\n\n\n\nGraham Smith, chief executive of anti-monarchy group Republic, declared that \"royal finances are out of control and Parliament needs to act to slash the annual budget to below £10million.\"\n\nAs for William, his annual private income from the Duchy of Cornwall estate decreased by £1.3million, to £21.6million.\n\nThe Prince of Wales had been charging the Ministry of Justice £1.5million per year to lease the land on which Dartmoor Prison sits up until now.\n\nThe prison has been closed for two years after concentrations of radon, a colourless and odourless radioactive gas produced by decaying uranium in rocks and soil, were found ten times above the legal threshold in certain areas of the prison during testing conducted in 2020 and 2023.\n\nIn response to the criticism, the prince has personally decided to direct the money to the local community surrounding the prison and the wider Dartmoor area, which has been affected by its closure.\n\n###\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "Royal Family net expenditure rises by nearly 40% in one year"
}