King Charles Directs Royal Windfarm Profits To Public

The Associated Press reports:

King Charles III has asked that annual profits from a 1 billion-pound ($1.2 billion) Crown Estate windfarm deal be used for the public good rather than the royal family.

The Crown Estate confirmed Thursday that it had signed lease agreements for six offshore wind projects. Such a windfall would normally lead to a jump in funding for the royals under complex arrangements that support the activities of the monarchy in the U.K.

But Buckingham Palace said Charles asked that the money be used to help the public, which is struggling to make ends meet amid soaring inflation that is running at levels last seen in the 1980s.

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King Charles III has asked that annual profits from a 1 billion-pound ($1.2 billion) Crown Estate windfarm deal be used for the public good rather than the royal family amid high inflation and a cost-of-living crisis. By @DanicaKirka https://t.co/w3JASLXJvs

— AP Europe (@AP_Europe) January 19, 2023